-----------------------------
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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. 2)
Amresco Capital Trust
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
031919103
(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)
May 8, 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 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(b) for other parties to whom copies are to be sent.
(Continued on following pages)
Exhibit Index Found on Page 33
Page 1 of 34 Pages
- --------
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>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
142,300
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
142,300
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
142,300
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- ---------======================================================================
Page 2 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
119,700
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
119,700
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
119,700
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.2 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- ---------======================================================================
Page 3 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
26,700
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
26,700
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
26,700
- ---------======================================================================
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 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- ---------======================================================================
Page 4 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
34,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
34,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,500
- ---------======================================================================
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 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- ---------======================================================================
Page 5 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
7,700
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
7,700
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,700
- ---------======================================================================
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 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
PN
- ---------======================================================================
Page 6 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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 488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
157,600
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
157,600
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
157,600
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IA, OO
- ---------======================================================================
Page 7 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
330,900
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
330,900
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
330,900
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.3 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
OO
- ---------======================================================================
Page 8 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 9 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 10 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 11 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 12 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 13 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 14 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 15 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 16 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 17 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 18 of 34
<PAGE>
13D
===============================
CUSIP No. 031919103
===============================
- ---------======================================================================
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
488,500 Shares, which is 4.9% 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.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS (See Instructions)
N/A
- ---------======================================================================
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
488,500
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
488,500
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
488,500
- ---------======================================================================
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9 %
- ---------======================================================================
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ---------======================================================================
Page 19 of 34
<PAGE>
This Amendment No. 2 to Schedule 13D amends the Schedule 13D initially
filed on January 14, 2000 (collectively, with all amendments thereto, the
"Schedule 13D").
Item 2. Identity And Background
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(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 Shares held by it;
(ii) Farallon Capital Institutional Partners, L.P., a California
limited partnership ("FCIP"), with respect to the Shares held by
it;
(iii)Farallon Capital Institutional Partners II, L.P., a California
limited partnership ("FCIP II"), with respect to the Shares held
by it;
(iv) Farallon Capital Institutional Partners III, L.P., a Delaware
limited partnership ("FCIP III"), with respect to the Shares held
by it; and
(v) Tinicum Partners, L.P., a New York limited partnership
("Tinicum"), with respect to the Shares held by it.
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 Shares
held by certain accounts managed by the Management Company (the
"Managed Accounts").2
- -----------
2Of the Shares reported by the Management Company on behalf of the Managed
Accounts, 2,300 Shares (equal to approximately 0.02% of the total 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 20 of 34
<PAGE>
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 Shares held by each of
the Partnerships.
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 Shares held by the Partnerships and the Managed Accounts:
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."
(b) The address of the principal business and principal office of (i) the
other 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).
Page 21 of 34
<PAGE>
(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. Item 5.
Interest In Securities Of The Issuer.
Item 5 of the Schedule 13D is amended and restated in its entirety as follows:
(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 Two hereto is calculated based upon the 10,015,111
Shares outstanding as of March 10, 2000 as reported by the
Company in its Annual Report on Form 10-K for the fiscal year
ended December 31, 1999 filed with the Securities and Exchange
Commission on March 30, 2000.
(c) The trade dates, number of Shares purchased or sold and the price
per Share (including commissions) for all purchases and sales of
the Shares by the Partnerships since the filing of the prior
Schedule 13D 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 Shares. The Individual Reporting Persons are managing
members of the General Partner.
Page 22 of 34
<PAGE>
(e) As of May 8, 2000, the Partnerships are not the beneficial holder
of 5% or more of the Shares.
(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 Shares purchased or sold and the price
per share (including commissions) for all purchases and sales of
the Shares by the Management Company on behalf of the Managed
since the filing of the prior Schedule 13D 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
Shares held by the Managed Accounts. The Individual Reporting
Persons are managing members of the Management Company.
(e) As of May 8, 2000, the Management Company is not the beneficial
holder of 5% or more of the Shares.
(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 Shares. The Individual Reporting Persons are managing
members of the General Partner.
(e) As of May 8, 2000, the General Partner is not the beneficial
holder of 5% or more of the Shares.
(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.
Page 23 of 34
<PAGE>
(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 Shares. The Management Company, as an investment
adviser, has the power to direct the disposition of the proceeds
of the sale of the Shares held by the Managed Accounts. The
Individual Reporting Persons are managing members of the General
Partner. The Individual Reporting Persons are managing members of
the Management Company.
(e) As of May 8, 2000, the Individual Reporting Persons are not the
beneficial holder of 5% or more of the Shares.
The Shares reported hereby for the Partnerships are owned directly by the
Partnerships and those reported by the Management Company on behalf of the
Managed Accounts are owned directly by the Managed Accounts. The General
Partner, as general partner to the Partnerships, may be deemed to be the
beneficial owner of all such Shares owned by the Partnerships. The Management
Company, as investment adviser to the Managed Accounts, may be deemed to be the
beneficial owner of all such Shares owned by the Managed Accounts. 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 Shares held by the Partnerships and the Managed Accounts. Each of the
Management Company, the General Partner and the Individual Reporting Persons
hereby disclaims any beneficial ownership of any such Shares.
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(f)(1)
under the Securities Exchange Act of 1934, as amended.
Page 24 of 34
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: May 11, 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 25 of 34
<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, Jason M. Fish, 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, Jason M. Fish, 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 26 of 34
<PAGE>
SCHEDULE A
FARALLON CAPITAL PARTNERS, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 1,400 (S) $10.43
04-26-00 400 (S) $10.43
04-26-00 800 (S) $10.43
04-26-00 2,400 (S) $10.43
05-01-00 300 (S) $10.41
05-01-00 4,000 (S) $10.41
05-01-00 2,900 (S) $10.50
05-05-00 7,900 (S) $10.22
05-08-00 2,900 (S) $10.22
05-08-00 4,300 (S) $10.22
05-08-00 3,700 (S) $10.22
05-08-00 1,400 (S) $10.22
05-08-00 1,900 (S) $10.22
05-08-00 4,500 (S) $10.25
05-08-00 1,500 (S) $10.25
05-09-00 7,300 (S) $10.25
05-09-00 2,000 (S) $10.25
05-09-00 4,200 (S) $10.20
Page 27 of 34
<PAGE>
SCHEDULE B
FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 1,100 (S) $10.43
04-26-00 300 (S) $10.43
04-26-00 600 (S) $10.43
04-26-00 2,000 (S) $10.43
04-26-00 300 (S) $10.43
05-01-00 3,700 (S) $10.41
05-01-00 2,500 (S) $10.50
05-05-00 6,700 (S) $10.22
05-08-00 2,400 (S) $10.22
05-08-00 200 (S) $10.22
05-08-00 2,700 (S) $10.22
05-08-00 1,000 (S) $10.22
05-08-00 5,400 (S) $10.22
05-08-00 200 (S) $10.22
05-08-00 3,800 (S) $10.25
05-08-00 1,200 (S) $10.25
05-09-00 4,000 (S) $10.25
05-09-00 1,500 (S) $10.25
05-09-00 2,300 (S) $10.25
05-09-00 500 (S) $10.20
05-09-00 300 (S) $10.20
05-09-00 2,700 (S) $10.20
Page 28 of 34
<PAGE>
SCHEDULE C
FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 200 (S) $10.43
04-26-00 100 (S) $10.43
04-26-00 100 (S) $10.43
04-26-00 400 (S) $10.43
04-26-00 200 (S) $10.43
05-01-00 800 (S) $10.41
05-01-00 500 (S) $10.50
05-05-00 1,500 (S) $10.22
05-08-00 500 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 200 (S) $10.22
05-08-00 1,800 (S) $10.22
05-08-00 400 (S) $10.25
05-08-00 400 (S) $10.25
05-08-00 300 (S) $10.25
05-09-00 200 (S) $10.25
05-09-00 1,500 (S) $10.25
05-09-00 800 (S) $10.20
Page 29 of 34
<PAGE>
SCHEDULE D
FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 500 (S) $10.43
04-26-00 100 (S) $10.43
04-26-00 100 (S) $10.43
04-26-00 400 (S) $10.43
04-26-00 100 (S) $10.43
05-01-00 1,100 (S) $10.41
05-01-00 700 (S) $10.50
05-05-00 1,900 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 500 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 2,600 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 100 (S) $10.25
05-08-00 1,000 (S) $10.25
05-08-00 400 (S) $10.25
05-09-00 2,300 (S) $10.25
05-09-00 800 (S) $10.20
05-09-00 200 (S) $10.20
Page 30 of 34
<PAGE>
SCHEDULE E
TINICUM PARTNERS, L.P.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 100 (S) $10.43
04-26-00 200 (S) $10.43
05-01-00 200 (S) $10.41
05-01-00 200 (S) $10.50
05-05-00 400 (S) $10.22
05-08-00 200 (S) $10.22
05-08-00 300 (S) $10.22
05-08-00 200 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 200 (S) $10.25
05-08-00 100 (S) $10.25
05-09-00 500 (S) $10.25
05-09-00 200 (S) $10.20
Page 31 of 34
<PAGE>
SCHEDULE F
FARALLON CAPITAL MANAGEMENT, L.L.C.
NO. OF SHARES
PURCHASED (P) PRICE
TRADE DATE OR SOLD (S) PER SHARE
---------- ------------------- ---------
04-26-00 1,800 (S) $10.43
04-26-00 500 (S) $10.43
04-26-00 1,100 (S) $10.43
04-26-00 2,200 (S) $10.43
05-01-00 1,300 (S) $10.41
05-01-00 3,500 (S) $10.41
05-01-00 3,200 (S) $10.50
05-05-00 8,700 (S) $10.22
05-08-00 3,200 (S) $10.22
05-08-00 11,300 (S) $10.22
05-08-00 1,100 (S) $10.22
05-08-00 5,000 (S) $10.25
05-08-00 1,500 (S) $10.25
05-09-00 2,300 (S) $10.25
05-09-00 1,600 (S) $10.25
05-09-00 6,400 (S) $10.25
05-09-00 4,700 (S) $10.20
04-26-00 100 (S) $10.43
05-01-00 100 (S) $10.41
05-05-00 100 (S) $10.22
05-08-00 100 (S) $10.22
05-08-00 300 (S) $10.22
05-08-00 100 (S) $10.25
05-09-00 100 (S) $10.25
05-09-00 100 (S) $10.20
Page 32 of 34
<PAGE>
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to Section
240.13D-(f)(1)
Page 33 of 34
<PAGE>
EXHIBIT 1
to
SCHEDULE 13D
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13D-(f)(1)
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: May 11, 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 34 of 34
