<PAGE>
------------------------------
OMB APPROVAL
OMB Number: 3235-0145
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------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Section 240.13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO SECTION 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
SECTION 240.13d-2(a)
(Amendment No. _________)1
Tele Sudeste Celular Participacoes S.A.
--------------------------------------------------------------------------------
(Name of Issuer)
Preferred Shares
(as the equity security underlying the American Depositary Receipts)
--------------------------------------------------------------------------------
(Title of Class of Securities)
879252104
--------------------------------------------------------------------------------
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
June 21, 2000
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Section
240.13d-7 for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 37 Pages
Exhibit Index Found on Page 36
--------
1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Partners, L.P.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e)
[ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,149,475,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
3,149,475,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,149,475,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions)
[ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-----------=====================================================================
Page 2 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners, L.P.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,166,000,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
3,166,000,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,166,000,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-----------=====================================================================
Page 3 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners II, L.P.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 616,500,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
616,500,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
616,500,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-----------=====================================================================
Page 4 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Institutional Partners III, L.P.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
WC
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 634,500,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
634,500,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
634,500,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-----------=====================================================================
Page 5 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Tinicum Partners, L.P.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
WC, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 180,000,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
180,000,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,000,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
-----------=====================================================================
Page 6 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares which is 5.2% of the class of
securities. The reporting person on this cover page, however, is
a beneficial owner only of the securities reported by it on this
cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,242,375,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
3,242,375,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,242,375,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IA, OO
-----------=====================================================================
Page 7 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
-----------=====================================================================
Farallon Partners, L.L.C.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 7,746,475,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
7,746,475,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,746,475,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
OO
-----------=====================================================================
Page 8 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 9 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 10 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 11 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 12 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 13 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 14 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 15 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 16 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 17 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 18 of 37 Pages
<PAGE>
13D
====================================
CUSIP No. 879252104
====================================
-----------=====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Mark C. Wehrly
-----------=====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
10,988,850,000 Preferred Shares, which is 5.2% of the class of
securities. The reporting person on this cover page, however, may
be deemed a beneficial owner only of the securities reported by
it on this cover page. [See Preliminary Note]
-----------=====================================================================
3 SEC USE ONLY
-----------=====================================================================
4 SOURCE OF FUNDS (See Instructions)
AF, OO
-----------=====================================================================
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
-----------=====================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------===================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
--------===================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 10,988,850,000 [See Preliminary Note]
--------===================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
--------===================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
10,988,850,000 [See Preliminary Note]
-----------------------------===================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,988,850,000 [See Preliminary Note]
-----------=====================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
-----------=====================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2 % [See Preliminary Note]
-----------=====================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
-----------=====================================================================
Page 19 of 37 Pages
<PAGE>
Preliminary Note: The Reporting Persons (as defined below) are filing this
Schedule 13D with respect to the Preferred Shares (the "Preferred Shares") of
Tele Sudeste Celular Participacoes S.A. (the "Company"). The Reporting Persons
own American Depositary Receipts ("the ADR") issued by the Company, each ADR
representing 5,000 Preferred Shares. All numbers and percentages contained in
this Schedule 13D represent Shares and not ADRs. The Reporting Persons do not
own any Preferred Shares directly.
Item 1. Security And Issuer.
-------------------
This statement relates to Preferred Shares, without par value of Tele
Sudeste Celular Participacoes S.A. (the "Company"). The Company's principal
offices are located at Rua Martiniano de Carvalho 851, 18 (0) andar/parte,
01321-001 Sao Paolo, SP, Brazil.
Item 2. Identity And Background.
------ -----------------------
(a) This statement is filed by the entities and persons listed below,
all of whom together are referred to herein as the "Reporting Persons."
The Partnerships
(i) Farallon Capital Partners, L.P., a California limited partnership
("FCP"), with respect to the Preferred Shares which it
beneficially owns (through its ownership of ADRs);
(ii) Farallon Capital Institutional Partners, L.P., a California
limited partnership ("FCIP"), with respect to the Preferred
Shares which it beneficially owns (through its ownership of
ADRs);
(iii)Farallon Capital Institutional Partners II, L.P., a California
limited partnership ("FCIP II"), with respect to the Preferred
Shares which it beneficially owns (through its ownership of
ADRs);
(iv) Farallon Capital Institutional Partners III, L.P., a Delaware
limited partnership ("FCIP III"), with respect to the Preferred
Shares which it beneficially owns (through its ownership of
ADRs); and
Page 20 of 37 Pages
<PAGE>
(v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Preferred Shares which it
beneficially owns (through its ownership of ADRs).
FCP, FCIP, FCIP II, FCIP III and Tinicum are together referred to herein
as the "Partnerships."
The Management Company
----------------------
(vi) Farallon Capital Management, L.L.C., a Delaware limited liability
company (the "Management Company"), with respect to the Preferred
Shares which certain accounts managed by the Management Company
(the "Managed Accounts") beneficially own (through its ownership
of ADRs).2
The General Partner Of The Partnerships
---------------------------------------
(vii)Farallon Partners, L.L.C., a Delaware limited liability company
which is the general partner of each of the Partnerships (the
"General Partner"), with respect to the Preferred Shares which
each of the Partnerships beneficially own (through its ownership
of ADRs).
The Managing Members Of The General Partner And The Management Company
----------------------------------------------------------------------
(viii) The following eleven persons who are managing members of both
the General Partner and the Management Company, with respect to
the Preferred Shares which are beneficially owned by the
Partnerships and the Managed Accounts (through its ownership of
ADRs): Enrique H. Boilini ("Boilini"), David I. Cohen ("Cohen"),
Joseph F. Downes ("Downes"), William F. Duhamel ("Duhamel"),
Andrew B. Fremder ("Fremder"), Richard B. Fried ("Fried"),
William F. Mellin ("Mellin"), Stephen L. Millham ("Millham"),
Meridee A. Moore ("Moore"), Thomas F. Steyer ("Steyer") and Mark
C. Wehrly ("Wehrly").
Boilini, Cohen, Downes, Duhamel, Fremder, Fried, Mellin, Millham, Moore,
Steyer and Wehrly are together referred to herein as the "Individual Reporting
Persons."
--------
2 Of the Preferred Shares reported by the Management Company on
behalf of the Managed Accounts, 55,000,000 Preferred Shares (equal to
approximately 0.03% of the total Preferred Shares currently
outstanding) are held by The Absolute Return Fund of The Common Fund,
a non-profit corporation whose principal address is 450 Post Road
East, Westport, Connecticut 06881.
Page 21 of 37 Pages
<PAGE>
(b) The address of the principal business and principal office of (i) the
Partnerships, the General Partner and the Management Company is One Maritime
Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(c) The principal business of each of the Partnerships is that of a private
investment fund engaging in the purchase and sale of investments for its own
account. The principal business of the General Partner is to act as the general
partner of the Partnerships. The principal business of the Management Company is
that of a registered investment adviser. The principal business of each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Partnerships, the Management Company, the General Partner
or any of the Individual Reporting Persons has, during the last five years, been
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) The citizenship of each of the Partnerships, the General Partner and
the Management Company is set forth above. Each of the Individual Reporting
Persons is a United States citizen other than Enrique H. Boilini who is an
Argentinean citizen.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Page 22 of 37 Pages
<PAGE>
Item 3. Source And Amount Of Funds And Other Consideration.
------ --------------------------------------------------
The net investment cost (including commissions) for the Preferred Shares
beneficially owned by each of the Partnerships and Managed Accounts (through its
ownership of ADRs) is set forth below:
Entity Preferred Shares Approximate Net Investment Cost 3
------ ---------------- -------------------------------
FCP 3,149,475,000 $28,952,501.03
FCIP 3,166,000,000 $28,845,067.11
FCIP II 616,500,000 $5,557,140.54
FCIP III 634,500,000 $5,853,223.00
Tinicum 180,000,000 $1,640,022.92
Managed
Accounts 3,242,375,000 $30,669,667.42
The consideration for such acquisitions was obtained as follows: (i) with
respect to FCIP, FCIP II and FCIP III, from working capital; (ii) with respect
to FCP and Tinicum, from working capital, and/or from borrowings pursuant to
margin accounts maintained in the ordinary course of business by FCP and Tinicum
at Goldman, Sachs & Co.; and (iii) with respect to the Managed Accounts, from
the working capital of each Managed Account and/or from borrowings pursuant to
margin accounts maintained in the ordinary course of business by some of the
Managed Accounts at Goldman, Sachs & Co. FCP, Tinicum and some of the Managed
Accounts hold certain securities in their respective margin accounts at Goldman,
Sachs & Co., and the accounts may from time to time have debit balances. It is
not possible to determine the amount of borrowings, if any, used to acquire the
Preferred Shares.
--------
3 As previously stated, the Reporting Persons purchased ADRs. The
figures listed in this column are the amount net investment cost of
the ADRs purchased by the Reporting Persons.
Page 23 of 37 Pages
<PAGE>
Item 4. Purpose Of The Transaction.
------ --------------------------
The purpose of the acquisition of the Shares (through the underlying
ADRs) is for investment, and the acquisitions of the Shares (through the
underlying ADRs) by each of the Partnerships and the Managed Accounts were made
in the ordinary course of business and were not made for the purpose of
acquiring control of the Company.
Although no Reporting Person has any specific plan or proposal to acquire
or dispose of Preferred Shares (or the corresponding ADRs), consistent with its
investment purpose, each Reporting Person at any time and from time to time may
acquire additional Preferred Shares (through purchases of additional ADRs) or
dispose of any or all of its Preferred Shares (through disposition of the ADRs)
(including but not limited to dispositions pursuant to Telefonica, S.A.'s Offer
to Exchange for Ordinary Shares, Preferred Shares and American Depositary Shares
of Telecomunicacoes de Sao Paulo S.A.-TELESP and Tele Sudeste Celular
Participacoes, S.A. certain Telefonica, S.A. American Depositary Shares)
depending upon an ongoing evaluation of the investment in such securities,
prevailing market conditions, other investment opportunities, liquidity
requirements of the Reporting Person and/or other investment considerations. No
Reporting Person has made a determination regarding a maximum or minimum number
of such securities which it may hold at any point in time.
Also, consistent with their investment intent, the Reporting Persons may
engage in communications with one or more shareholders of the Company, one or
more officers of the Company and/or one or more members of the board of
directors of the Company and/or potential investors in the Company regarding the
Company, including but not limited to its operations.
Except to the extent the foregoing may be deemed a plan or proposal, none
of the Reporting Persons has any plans or proposals which relate to, or could
result in, any of the matters referred
Page 24 of 37 Pages
<PAGE>
to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of
Schedule 13D. The Reporting Persons may, at any time and from time to time,
review or reconsider their position and/or change their purpose and/or formulate
plans or proposals with respect thereto.
Item 5. Interest In Securities Of The Issuer.
------ -------------------------------------
(a) The Partnerships
-----------------
(a),(b)The information set forth in Rows 7 through 13 of the
cover page hereto for each Partnership is incorporated
herein by reference for each such Partnership. The
percentage amount set forth in Row 13 for all cover pages
filed herewith as well as Footnote 2 hereto is calculated
based upon the 210,029,997,060 Preferred Shares outstanding
as of December 31, 1998 as reported by the Company in its
Registration Statement filed with the Securities and
Exchange Commission on June 30, 1999.
(c) The trade dates, number of Preferred Shares purchased or
sold (through purchases and sales of the ADRs) and the price
per Preferred Share (including commissions) for all
purchases and sales by the Partnerships in the past 60 days
are set forth on Schedules A-E hereto and are incorporated
herein by reference. All of such transactions were
open-market transactions.
(d) The General Partner has the power to direct the affairs of
the Partnerships, including the disposition of the proceeds
of the sale of the Preferred Shares (through sale of the
ADRs). The Individual Reporting Persons are managing members
of the General Partner.
(e) Not applicable.
(b) The Management Company
----------------------
(a),(b)The information set forth in Rows 7 through 13 of the
cover page hereto for the Management Company is
incorporated herein by reference.
(c) The trade dates, number of Preferred Shares purchased or
sold (through purchases and sales of the ADRs) and the price
per Share (including commissions) for all purchases and
sales by the Management Company on behalf of the Managed
Accounts in the past 60 days are set forth on Schedule F
hereto and are incorporated herein by reference. All of such
transactions were open-market transactions.
(d) The Management Company, as an investment adviser, has the
power to direct the disposition of the proceeds of the sale
of the Preferred Shares
Page 25 of 37 Pages
<PAGE>
beneficially owned by the Managed Accounts (through a sale
of the ADRs). The Individual Reporting Persons are managing
members of the Management Company.
(e) Not applicable.
(c) The General Partner
-------------------
(a),(b)The information set forth in Rows 7 through 13 of the
cover page hereto for the General Partner is incorporated
herein by reference.
(c) None.
(d) The General Partner has the power to direct the affairs of
the Partnerships, including the disposition of the proceeds
of the sale of the Preferred Shares (through a sale of the
ADRs). The Individual Reporting Persons are managing members
of the General Partner.
(e) Not applicable.
(d) The Individual Reporting Persons
--------------------------------
(a),(b)The information set forth in Rows 7 through 13 of the
cover page hereto for each Individual Reporting Person is
incorporated herein by reference for each such Individual
Reporting Person.
(c) None.
(d) The General Partner has the power to direct the affairs of
the Partnerships, including the disposition of the proceeds
of the sale of the Preferred Shares (through a sale of the
ADRs). The Management Company, as an investment adviser, has
the power to direct the disposition of the proceeds of the
sale of the Preferred Shares beneficially owned by the
Managed Accounts (through a sale of the ADRs). The
Individual Reporting Persons are managing members of the
General Partner. The Individual Reporting Persons are
managing members of the Management Company.
(e) Not applicable.
The Preferred Shares reported hereby for the Partnerships are beneficially
owned by the Partnerships (through their ownership of ADRs) and those reported
by the Management Company on behalf of the Managed Accounts are beneficially
owned by the Managed Accounts (through their ownership of ADRs). The General
Partner, as general partner to the Partnerships, may be deemed to be the
beneficial owner of all such Preferred Shares owned by the Partnerships (through
their
Page 26 of 37 Pages
<PAGE>
ownership of ADRs). The Management Company, as investment adviser to the Managed
Accounts, may be deemed to be the beneficial owner of all such Preferred Shares
owned by the Managed Accounts (through their ownership of ADRs). The Individual
Reporting Persons, as managing members of both the General Partner and the
Management Company, may each be deemed to be the beneficial owner of all such
Preferred Shares beneficially owned by the Partnerships and the Managed Accounts
(through their ownership of ADRs). Each of the Management Company, the General
Partner and the Individual Reporting Persons hereby disclaims any beneficial
ownership of any such Preferred Shares (or ADRs).
Item 6. Contracts, Arrangements, Understandings Or
------
Relationships With Respect To Securities Of The Issuer.
------------------------------------------------------
Except as described above, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
or between such persons and any other person with respect to any securities of
the Company, including but not limited to transfer or voting of any securities
of the Company, finder's fees, joint ventures, loan or option arrangements, puts
or calls, guarantees of profits, divisions of profits or loss, or the giving or
withholding of proxies.
Item 7. Materials To Be Filed As Exhibits.
------ ---------------------------------
There is filed herewith as Exhibit 1 a written agreement relating to the
filing of joint acquisition statements as required by Section 240.13d-1(k) under
the Securities Exchange Act of 1934, as amended.
Page 27 of 37 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: June 30, 2000
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
And TINICUM PARTNERS, L.P.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
Joseph F. Downes, William F. Duhamel,
Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham,
Meridee A. Moore and Mark C. Wehrly.
The Powers of Attorney, each executed by Boilini, Cohen, Downes, Fremder,
Mellin, Millham and Moore authorizing Steyer to sign and file this Schedule 13D
on each person's behalf, which were filed with Amendment No. 1 to the Schedule
13D filed with the Securities and Exchange Commission on September 26, 1997, by
such Reporting Persons with respect to the Common Stock of Sphere Drake Holdings
Limited, are hereby incorporated by reference. The Powers of Attorney executed
by Duhamel and Fried authorizing Steyer to sign and file this Schedule 13D on
each person's behalf, which were filed with Amendment No. 1 to the Schedule 13G
filed with the Securities and Exchange Commission on January 13, 1999, by such
Reporting Persons with respect to the Callable Class A Common Shares of
CliniChem Development Inc., are hereby incorporated by reference. The Power of
Attorney executed by Mark C. Wehrly authorizing Steyer to sign and file this
Schedule 13D on his behalf, which was filed with Amendment No. 2 to the Schedule
13D filed with the Securities and Exchange Commission on January 10, 2000, by
such Reporting Person with respect to the Common Shares of Axogen Limited, is
hereby incorporated by reference.
Page 28 of 37 Pages
<PAGE>
ANNEX 1
Set forth below with respect to the Management Company and the General
Partner is the following information: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company and the
General Partner is the following: (a) name; (b) business address; (c) principal
occupation; and (d) citizenship.
1. The Management Company
----------------------
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as investment adviser to various managed accounts
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Andrew B. Fremder, Richard B. Fried, William F. Mellin,
Stephen L. Millham, Meridee A. Moore and Mark C. Wehrly, Managing
Members.
2. The General Partner
-------------------
(a) Farallon Partners, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(c) Serves as general partner to investment partnerships
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph F. Downes, William F.
Duhamel, Fleur E. Fairman, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham, Meridee A. Moore and Mark
C. Wehrly, Managing Members.
3. The Individual Reporting Persons/The Managing Members
-----------------------------------------------------
Except as stated below, each of the Managing Members (including the
Individual Reporting Persons) is a United States citizen whose business
address is c/o Farallon Capital Management, L.L.C., One Maritime Plaza,
Suite 1325, San Francisco, California 94111. Enrique H. Boilini is an
Argentinean citizen whose business address is c/o Farallon Capital
Management, L.L.C., 75 Holly Hill Lane, Greenwich, Connecticut 06830.
The principal occupation of Thomas F. Steyer is serving as senior
managing member of the Management Company and the General Partner. The
principal occupation of each other Managing Member is serving as a
managing member of the Management Company and/or the General Partner.
None of the Managing Members (including the Individual Reporting
Persons) have any additional information to disclose with respect to
Items 2-6 of the Schedule 13D that is not already disclosed in the
Schedule 13D.
Page 29 of 37 Pages
<PAGE>
SCHEDULE A
FARALLON CAPITAL PARTNERS, L.P.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 28,500 (P) $42.85 Equivalent to 142,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 8,500 (P) $45.31 Equivalent to 42,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 9,400 (P) $41.40 Equivalent to 47,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 5,200 (P) $44.06 Equivalent to 26,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-25-00 4,600 (P) $40.05 Equivalent to 23,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-26-00 3,800 (P) $40.23 Equivalent to 19,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-09-00 7,900 (P) $46.43 Equivalent to 39,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-13-00 24,200 (P) $46.55 Equivalent to 121,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 5,300 (P) $42.75 Equivalent to 26,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 5,800 (P) $42.55 Equivalent to 29,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-21-00 9,500 (P) $40.96 Equivalent to 47,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-21-00 107,900 (P) $41.06 Equivalent to 539,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 48,400 (P) $41.78 Equivalent to 242,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-23-00 22,800 (P) $41.75 Equivalent to 114,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
Page 30 of 37 Pages
<PAGE>
SCHEDULE B
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 34,700 (P) $42.85 Equivalent to 173,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 9,500 (P) $45.31 Equivalent to 47,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 4,300 (P) $41.40 Equivalent to 21,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 4,000 (P) $44.06 Equivalent to 20,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-25-00 5,400 (P) $40.05 Equivalent to 27,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-26-00 6,300 (P) $40.23 Equivalent to 31,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-09-00 3,100 (P) $46.43 Equivalent to 15,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-13-00 16,800 (P) $46.55 Equivalent to 84,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 6,000 (P) $42.75 Equivalent to 30,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 6,600 (P) $42.55 Equivalent to 33,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-21-00 10,900 (P) $40.96 Equivalent to 54,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-21-00 123,200 (P) $41.06 Equivalent to 616,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 57,600 (P) $41.78 Equivalent to 288,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-23-00 26,000 (P) $41.75 Equivalent to 130,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
Page 31 of 37 Pages
<PAGE>
SCHEDULE C
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 12,400 (P) $42.85 Equivalent to 62,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 1,100 (P) $45.31 Equivalent to 5,500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
05-11-00 700 (P) $41.40 Equivalent to 3,500,000 Preferred
Shares at a price of $0.008 per
Preferred Share
05-16-00 500 (P) $44.06 Equivalent to 2,500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
05-25-00 800 (P) $40.05 Equivalent to 4,000,000 Preferred
Shares at a price of $0.008 per
Preferred Share
05-26-00 800 (P) $40.23 Equivalent to 4,000,000 Preferred
Shares at a price of $0.008 per
Preferred Share
06-09-00 1,300 (P) $46.43 Equivalent to 6,500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
06-13-00 5,300 (P) $46.55 Equivalent to 26,500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
06-20-00 1,000 (P) $42.75 Equivalent to 5,000,000 Preferred
Shares at a price of $0.009 per
Preferred Share
06-20-00 1,100 (P) $42.55 Equivalent to 5,500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
06-21-00 1,800 (P) $40.96 Equivalent to 9,000,000 Preferred
Shares at a price of $0.008 per
Preferred Share
06-21-00 20,600 (P) $41.06 Equivalent to 103,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 9,200 (P) $41.78 Equivalent to 46,000,000 Preferred
Shares at a price of $0.008 per
Preferred Share
06-23-00 4,200 (P) $41.75 Equivalent to 21,000,000 Preferred
Shares at a price of $0.008 per
Preferred Share
Page 32 of 37 Pages
<PAGE>
SCHEDULE D
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 6,200 (P) $42.85 Equivalent to 31,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 1,800 (P) $45.31 Equivalent to 9,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 1,400 (P) $41.40 Equivalent to 7,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 2,400 (P) $44.06 Equivalent to 12,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-25-00 1,300 (P) $40.05 Equivalent to 6,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-26-00 1,300 (P) $40.23 Equivalent to 6,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-09-00 900 (P) $46.43 Equivalent to 4,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-13-00 2,100 (P) $46.55 Equivalent to 10,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 1,000 (P) $42.75 Equivalent to 5,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 1,100 (P) $42.55 Equivalent to 5,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-21-00 1,800 (P) $40.96 Equivalent to 9,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-21-00 20,600 (P) $41.06 Equivalent to 103,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 9,200 (P) $41.78 Equivalent to 46,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-23-00 4,200 (P) $41.75 Equivalent to 21,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
Page 33 of 37 Pages
<PAGE>
SCHEDULE E
TINICUM PARTNERS, L.P.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 1,200 (P) $42.85 Equivalent to 6,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 400 (P) $45.31 Equivalent to 2,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 500 (P) $41.40 Equivalent to 2,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 400 (P) $44.06 Equivalent to 2,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-25-00 300 (P) $40.05 Equivalent to 1,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-26-00 300 (P) $40.23 Equivalent to 1,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-09-00 500 (P) $46.43 Equivalent to 2,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-13-00 1,600 (P) $46.55 Equivalent to 8,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 400 (P) $42.75 Equivalent to 2,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-20-00 400 (P) $42.55 Equivalent to 2,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
06-21-00 700 (P) $40.96 Equivalent to 3,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-21-00 7,700 (P) $41.06 Equivalent to 38,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 3,500 (P) $41.78 Equivalent to 17,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-23-00 1,600 (P) $41.75 Equivalent to 8,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
Page 34 of 37 Pages
<PAGE>
SCHEDULE F
FARALLON CAPITAL MANAGEMENT, L.L.C.
NO. OF ADRs RESTATEMENT
PURCAHSED (P) PRICE FOR PREFERRED
TRADE DATE OR SOLD (S) PER ADR SHARES
---------- ---------- ------- ------
04-28-00 36,800 (P) $42.85 Equivalent to 184,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 12,400 (P) $45.31 Equivalent to 62,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 17,900 (P) $41.40 Equivalent to 89,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 9,900 (P) $44.06 Equivalent to 49,500,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-25-00 7,500 (P) $40.05 Equivalent to 37,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-26-00 7,400 (P) $40.23 Equivalent to 37,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-21-00 2,800 (P) $40.96 Equivalent to 14,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
06-22-00 92,100 (P) $41.78 Equivalent to 460,500,000
Preferred Shares at a price of
$0.008 per Preferred Share
04-28-00 1,200 (P) $42.85 Equivalent to 6,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-02-00 200 (P) $45.31 Equivalent to 1,000,000
Preferred Shares at a price of
$0.009 per Preferred Share
05-11-00 200 (P) $41.40 Equivalent to 1,000,000
Preferred Shares at a price of
$0.008 per Preferred Share
05-16-00 100 (P) $44.06 Equivalent to 500,000 Preferred
Shares at a price of $0.009 per
Preferred Share
05-25-00 100 (P) $40.05 Equivalent to 500,000 Preferred
Shares at a price of $0.008 per
Preferred Share
05-26-00 100 (P) $40.23 Equivalent to 500,000 Preferred
Shares at a price of $0.008 per
Preferred Share
Page 35 of 37 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to Section
240.13d1(k)
Page 36 of 37 Pages
<PAGE>
EXHIBIT 1
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: June 30, 2000
/s/ Thomas F. Steyer
----------------------------------------
FARALLON PARTNERS, L.L.C.,
on its own behalf and as General Partner of
FARALLON CAPITAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
And TINICUM PARTNERS, L.P.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
FARALLON CAPITAL MANAGEMENT, L.L.C.,
By Thomas F. Steyer,
Senior Managing Member
/s/ Thomas F. Steyer
----------------------------------------
Thomas F. Steyer, individually and as attorney-in-fact
for each of Enrique H. Boilini, David I. Cohen,
Joseph F. Downes, William F. Duhamel,
Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham,
Meridee A. Moore and Mark C. Wehrly.
Page 37 of 37 Pages
<PAGE>
