schedule13da.htm


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*

ENDO Pharmaceuticals Holdings Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class Securities)


29264F205

D. E. Shaw & Co., L.P.
Attn:  Compliance Department
120 West Forty-Fifth Street
Floor 39, Tower 45
New York, NY 10036
212-478-0000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communication)

Copies to:

Christopher Boies, Esq.
Boies, Schiller & Flexner LLP
575 Lexington Avenue
New York, NY 10022

November 16, 2007

(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 ss.ss.240.13d-1(e), 240.13d-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 ss.240.13d-7 for other parties to whom copies are to be sent.

*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, as amended (the “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).

      
    
    



CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw Composite Portfolios, L.L.C.
FEIN 13-4152438
2
Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [_]
(b) [_]
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
Shares
Beneficially
Owned by
Each
Reporting
Person With
 
7
Sole Voting Power
 
-0-
8
Shared Voting Power
 
7,654,219
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
7,654,219
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
7,654,219
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
5.7%
14
Type of Reporting Person (See Instructions)
 
OO


      
     
    





CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw Valence Portfolios, L.L.C.
FEIN 13-4046559
2
Check the Appropriate Box if a Member of a Group (See
Instructions)
(a) [_]
(b) [_]
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
Shares
Beneficially
Owned by
Each
Reporting
Person With
 
7
Sole Voting Power
 
-0-
8
Shared Voting Power
 
3,599,041
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
3,599,041
11
Aggregate Amount Beneficially Owned by Each Reporting Person 1
 
3,599,041
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
2.7%
14
Type of Reporting Person (See Instructions)
 
OO



 
1 The 3,599,041 Common Shares set forth above include (a) 3,574,041 Common Shares owned by Valence, and (b) 25,000 Common Shares which Valence has the right to acquire through the exercise of listed call options.

      
           






CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw & Co., L.L.C.
FEIN 13-3799946
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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
Shares
Beneficially
Owned by
Each
Reporting
Person With
 
7
Sole Voting Power
 
-0-
8
Shared Voting Power
 
7,654,219
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
7,654,219
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
7,654,219
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
5.7%
14
Type of Reporting Person (See Instructions)
 
OO


      
  
    



CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
D. E. Shaw & Co., L.P.
FEIN 13-3695715
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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
Shares
Beneficially
Owned by
Each
Reporting
Person With
 
7
Sole Voting Power
 
-0-
8
Shared Voting Power
 
11,276,856
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
11,286,836
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
11,286,836
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
8.4%
14
Type of Reporting Person (See Instructions)
 
IN, PN

      
         


CUSIP No.
29264F205
1
Name of Reporting Person.
I.R.S. IDENTIFICATION
 
David E. Shaw
2
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [_]
(b) [_]
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
Shares
Beneficially
Owned by
Each
Reporting
Person With
 
7
Sole Voting Power
 
-0-
8
Shared Voting Power
 
11,276,856
9
Sole Dispositive Power
 
-0-
10
Shared Dispositive Power
 
11,286,836
11
Aggregate Amount Beneficially Owned by Each Reporting Person
 
11,286,836
12
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [_]
 
 
13
Percent of Class Represented by Amount in Row (11)
 
8.4%
14
Type of Reporting Person (See Instructions)
 
IN

      
           


AMENDMENT NO. 2 TO SCHEDULE 13D

 
This Amendment No. 2 to Schedule 13D amends and supplements the Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on July 27, 2007, as amended by Amendment No. 1 to Schedule 13D filed with the SEC on October 12, 2007 (as amended, the “Schedule 13D”).  Capitalized terms used herein which are not defined herein have the meanings given to such terms in the Schedule 13D.  Except as otherwise provided herein, all Items of the Schedule 13D remain unchanged.
 
Item 3.
Source and Amount of Funds or Other Consideration
 
 
Item 3 of the Schedule 13D is hereby supplemented as follows:
 
In acquiring 1,028,106 additional Common Shares owned by Composite since October 12, 2007,Composite expended approximately $28,658,990 (excluding commissions) of its working capital.  In acquiring 524,212 additional Common Shares owned by Valence since October 12, 2007, Valence expended approximately $14,430,375 (excluding commissions) of its working capital.
   
Item 5.
Interest in Securities of the Issuer
 
 
Item 5 of the 13D is hereby supplemented as follows:
 
 
(a), (b) Based upon the Issuer’s Form 10-Q, filed with the Securities and Exchange Commission on November 2, 2007, there were 134,112,148 Common Shares issued and outstanding as of October 26, 2007.  The 7,654,219 Common Shares beneficially owned by Composite (the “Composite Shares”) represent approximately 5.7% of the Common Shares issued and outstanding. The 3,599,041 Common Shares beneficially owned by Valence (the “Valence Shares”) represent approximately 2.7% of the Common Shares issued and outstanding.2  As of November 20, 2007, Synoptic does not hold a long position in the Common Shares.  The 7,654,219Common Shares beneficially owned by DESCO LLC represent approximately 5.7% of the Common Shares issued and outstanding.  The 11,286,836Common Shares beneficially owned by DESCO LP (the “Subject Shares”) represent approximately 8.4% of the Common Shares issued and outstanding.  The Subject Shares are comprised of (i) the Composite Shares, (ii) the Valence Shares, and (iii) 33,576Common Shares under the management of DESIM LLC (the “DESIM Shares”).
   
 
Composite has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Composite Shares. Valence has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Valence Shares.  DESIM LLC has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) 23,596of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 9,980of the DESIM Shares.  Composite disclaims beneficial ownership of the Common Shares beneficially owned by Valence and DESIM LLC; Valence disclaims beneficial ownership of the Common Shares beneficially owned by Composite and DESIM LLC; Synoptic disclaims beneficial ownership of the Common Shares beneficially owned by Composite, Valence, and DESIM LLC; and DESIM LLC disclaims beneficial ownership of the Common Shares beneficially owned by Composite and Valence.
   
 
DESCO LP, as managing member and investment adviser of Valence, investment adviser of Composite, and managing member of DESIM LLC, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of) 23,596of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 9,980of the DESIM Shares.  DESCO LLC, as Composite’s managing member, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares.  As managing member of DESCO LLC, DESCO II, Inc. may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares.  As general partner of DESCO LP, DESCO, Inc. may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of) 23,596of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 9,980of the DESIM Shares.  None of DESCO LP, DESCO LLC, DESCO, Inc., or DESCO II, Inc., owns any Common Shares directly, and each such entity disclaims beneficial ownership of the Subject Shares.
   
 
David E. Shaw does not own any shares directly.  By virtue of David E. Shaw’s position as President and sole shareholder of DESCO Inc., which is the general partner of DESCO LP, which in turn is the managing member and investment adviser of Valence, the investment adviser of Composite, and the managing member of DESIM, and by virtue of David E. Shaw’s position as President and sole shareholder of DESCO II, Inc., which is the managing member of DESCO LLC, which in turn is the managing member of Composite, David E. Shaw may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Composite Shares and the Valence Shares, and the shared power to vote or direct the vote of (and the power to dispose or direct the disposition of), 23,596of the DESIM Shares, and the shared power to dispose or direct the disposition of (but not the power to vote or to direct the vote of) 9,980of the DESIM Shares.  David E. Shaw disclaims beneficial ownership of the Subject Shares.
   
 
As of the date hereof, neither any Reporting Person nor, to the best knowledge of any Reporting Person, any of the persons set forth in Item 2 owns any Common Shares other than those set forth in this Item 5.
   
 
(c) The trading dates, number of Common Shares purchased or sold, and the price per share for all transactions by the Reporting Persons in the Common Shares within the last 60 days through November 20, 2007, which were all brokered transactions, are set forth below:
   


 
2 The 3,599,041 Common Shares set forth above include (a) 3,574,041Common Shares owned by Valence, and (b) 25,000 Common Shares which Valence has the right to acquire through the exercise of listed call options.



Name
Date
Price per Share
Number of Shares Purchased/(Sold)
Composite
10/12/2007
$27.79
500
Composite
10/12/2007
$27.80
11314
Composite
10/12/2007
$28.00
80000
Synoptic
10/12/2007
$27.74
300
Synoptic
10/12/2007
$27.94
2200
Valence
10/12/2007
$27.96
3100
Valence
10/12/2007
$27.97
400
Valence
10/12/2007
$27.98
400
Valence
10/12/2007
$27.99
2500
Valence
10/12/2007
$28.00
209200
Valence
10/12/2007
$28.02
(4951)
Valence
10/12/2007
$28.03
(300)
Valence
10/12/2007
$28.04
(5971)
Valence
10/12/2007
$28.05
(4378)
Composite
10/15/2007
$27.77
3000
Composite
10/15/2007
$27.78
1100
Composite
10/15/2007
$27.79
10257
Composite
10/15/2007
$27.80
36862
Composite
10/15/2007
$27.81
681
Composite
10/15/2007
$27.82
2600
Composite
10/15/2007
$27.83
11450
Composite
10/15/2007
$27.84
7050
Composite
10/15/2007
$27.85
7000
Composite
10/15/2007
$27.87
1600
Composite
10/15/2007
$27.88
2600
Composite
10/15/2007
$27.89
3849
Composite
10/15/2007
$27.90
5751
Composite
10/15/2007
$27.91
6200
Synoptic
10/15/2007
$27.80
(1000)
Synoptic
10/15/2007
$27.82
906
Composite
10/16/2007
$27.70
3222
Composite
10/16/2007
$27.71
1778
Composite
10/16/2007
$27.72
1700
Composite
10/16/2007
$27.73
3700
Composite
10/16/2007
$27.74
3000
Composite
10/16/2007
$27.75
4650
Composite
10/16/2007
$27.76
1000
Composite
10/16/2007
$27.77
5859
Composite
10/16/2007
$27.78
5341
Composite
10/16/2007
$27.79
6600
Composite
10/16/2007
$27.80
4300
Composite
10/16/2007
$27.84
1200
Composite
10/16/2007
$27.85
7650
Synoptic
10/16/2007
$27.80
100
Synoptic
10/16/2007
$27.80
(500)
Synoptic
10/16/2007
$27.84
100
Synoptic
10/17/2007
$27.87
1200
Synoptic
10/17/2007
$27.89
(200)
Synoptic
10/17/2007
$27.90
100
Synoptic
10/17/2007
$27.90
(34)
Synoptic
10/17/2007
$27.91
76
Synoptic
10/18/2007
$27.98
(1)
DESIM LLC
10/19/2007
$27.97
3000
Synoptic
10/19/2007
$27.86
(300)
Synoptic
10/19/2007
$27.94
104
Synoptic
10/19/2007
$27.95
2
Valence
10/19/2007
$35.00
3400
Composite
10/22/2007
$27.43
10044
Composite
10/22/2007
$27.70
10856
Composite
10/22/2007
$27.75
5096
Composite
10/22/2007
$27.78
27200
Composite
10/22/2007
$27.80
46804
Synoptic
10/22/2007
$27.70
1131
Synoptic
10/22/2007
$27.83
(100)
Synoptic
10/22/2007
$27.88
(200)
Composite
10/23/2007
$27.74
28000
Synoptic
10/23/2007
$27.72
(10)
Synoptic
10/23/2007
$27.79
200
Synoptic
10/23/2007
$27.80
200
Synoptic
10/24/2007
$27.84
(100)
Synoptic
10/24/2007
$27.88
(100)
Synoptic
10/24/2007
$27.89
(200)
Synoptic
10/24/2007
$27.90
(100)
Synoptic
10/24/2007
$27.92
(200)
Synoptic
10/24/2007
$27.93
(200)
Synoptic
10/24/2007
$27.95
500
Synoptic
10/24/2007
$27.95
(100)
Synoptic
10/24/2007
$27.99
193
Synoptic
10/24/2007
$28.19
(300)
Synoptic
10/24/2007
$28.20
(100)
Composite
10/25/2007
$27.68
100
Composite
10/25/2007
$27.70
3500
Composite
10/25/2007
$27.73
2600
Composite
10/25/2007
$27.74
100
Composite
10/25/2007
$27.75
1200
Composite
10/25/2007
$27.76
100
Composite
10/25/2007
$27.77
1300
Composite
10/25/2007
$27.79
100
Composite
10/25/2007
$27.80
5200
Composite
10/25/2007
$27.83
1000
Composite
10/25/2007
$27.84
6793
Composite
10/25/2007
$27.85
2600
Composite
10/25/2007
$27.86
4200
Composite
10/25/2007
$27.87
585
Composite
10/25/2007
$27.88
200
Composite
10/25/2007
$27.89
1100
Composite
10/25/2007
$27.90
11471
Composite
10/25/2007
$27.91
100
Composite
10/25/2007
$27.93
1800
Composite
10/25/2007
$27.94
2063
Composite
10/25/2007
$27.95
5159
Composite
10/25/2007
$27.97
100
Composite
10/25/2007
$27.98
1306
Composite
10/25/2007
$27.99
1200
Composite
10/25/2007
$28.00
46123
Synoptic
10/25/2007
$27.74
(800)
Synoptic
10/25/2007
$27.77
(1100)
Synoptic
10/25/2007
$27.84
40
Synoptic
10/25/2007
$27.85
76
Synoptic
10/25/2007
$27.88
100
Synoptic
10/25/2007
$27.90
43
Synoptic
10/25/2007
$28.01
27
Synoptic
10/25/2007
$28.04
1000
Synoptic
10/25/2007
$28.04
(200)
Synoptic
10/25/2007
$28.05
(100)
Synoptic
10/26/2006
$28.26
1000
Synoptic
10/26/2006
$28.47
(501)
Synoptic
10/26/2006
$28.56
(62)
Synoptic
10/26/2006
$28.57
267
Synoptic
10/26/2006
$28.67
100
Synoptic
10/26/2006
$28.68
(100)
Synoptic
10/29/2006
$28.58
(200)
Synoptic
10/29/2006
$28.64
135
Synoptic
10/29/2006
$28.66
102
Synoptic
10/29/2006
$28.81
(876)
Synoptic
10/30/2007
$28.84
248
Synoptic
10/30/2007
$29.06
1000
Synoptic
10/30/2007
$29.23
(100)
Synoptic
10/30/2007
$29.31
(5)
Synoptic
10/30/2007
$29.39
68
Synoptic
10/30/2007
$29.46
33
Synoptic
10/30/2007
$29.50
38
Synoptic
10/30/2007
$29.58
(1000)
Synoptic
10/30/2007
$29.69
(100)
Synoptic
10/31/2007
$29.33
100
Synoptic
10/31/2007
$29.37
(200)
Synoptic
10/31/2007
$29.38
(34)
Synoptic
10/31/2007
$29.46
(200)
Synoptic
10/31/2007
$29.67
1149
Synoptic
11/1/2007
$29.18
(100)
Synoptic
11/1/2007
$29.18
2
Synoptic
11/1/2007
$29.25
(9)
Synoptic
11/1/2007
$29.34
500
Composite
11/2/2007
$27.97
2271
Composite
11/2/2007
$27.98
700
Composite
11/2/2007
$28.01
6580
Composite
11/2/2007
$28.02
1000
Composite
11/2/2007
$28.03
4064
Composite
11/2/2007
$28.04
1900
Composite
11/2/2007
$28.05
12600
Composite
11/2/2007
$28.06
7075
Composite
11/2/2007
$28.07
3883
Composite
11/2/2007
$28.08
2514
Composite
11/2/2007
$28.09
8269
Composite
11/2/2007
$28.10
18608
Composite
11/2/2007
$28.11
7912
Composite
11/2/2007
$28.12
6484
Composite
11/2/2007
$28.13
3904
Composite
11/2/2007
$28.14
2436
Composite
11/2/2007
$28.15
4800
Composite
11/2/2007
$28.16
5000
Composite
11/2/2007
$28.30
18169
Composite
11/2/2007
$28.31
3990
Composite
11/2/2007
$28.32
1393
Composite
11/2/2007
$28.33
1938
Composite
11/2/2007
$28.34
810
Composite
11/2/2007
$28.35
2700
Composite
11/2/2007
$28.36
1000
Composite
11/2/2007
$28.41
3100
Composite
11/2/2007
$28.43
100
Composite
11/2/2007
$28.44
3700
Composite
11/2/2007
$28.45
39698
Composite
11/2/2007
$28.46
800
Composite
11/2/2007
$28.47
2602
Composite
11/2/2007
$28.50
855
Composite
11/2/2007
$28.51
416
Composite
11/2/2007
$28.52
1200
Composite
11/2/2007
$28.53
1212
Composite
11/2/2007
$28.54
5794
Composite
11/2/2007
$28.55
5819
Composite
11/2/2007
$28.56
1300
Composite
11/2/2007
$28.57
1300
Composite
11/2/2007
$28.58
400
Composite
11/2/2007
$28.59
904
Composite
11/2/2007
$28.60
800
Synoptic
11/2/2007
$27.87
(26)
Synoptic
11/2/2007
$28.01
(100)
Synoptic
11/2/2007
$28.08
300
Synoptic
11/2/2007
$28.09
200
Synoptic
11/2/2007
$28.29
1000
Synoptic
11/2/2007
$28.38
(500)
Synoptic
11/2/2007
$28.42
(100)
Synoptic
11/2/2007
$28.57
(212)
Synoptic
11/2/2007
$28.59
(300)
Synoptic
11/2/2007
$28.71
(300)
Synoptic
11/2/2007
$28.77
(116)
Valence
11/2/2007
$28.16
(1302)
Composite
11/5/2007
$28.20
5000
Composite
11/5/2007
$28.21
500
Composite
11/5/2007
$28.23
26300
Composite
11/5/2007
$28.24
2900
Composite
11/5/2007
$28.25
16500
Synoptic
11/5/2007
$28.24
(100)
Synoptic
11/5/2007
$28.26
1000
Synoptic
11/5/2007
$28.27
(200)
Synoptic
11/5/2007
$28.30
(300)
Synoptic
11/5/2007
$28.31
(300)
Synoptic
11/5/2007
$28.33
(40)
Synoptic
11/5/2007
$28.36
(234)
Synoptic
11/5/2007
$28.39
(100)
Synoptic
11/5/2007
$28.40
232
Synoptic
11/5/2007
$28.46
(300)
Synoptic
11/6/2007
$28.32
29
Synoptic
11/6/2007
$28.51
(12)
Synoptic
11/6/2007
$28.60
(87)
Synoptic
11/6/2007
$28.61
(182)
Composite
11/7/2007
$27.74
900
Composite
11/7/2007
$27.81
1300
Composite
11/7/2007
$27.83
1600
Composite
11/7/2007
$27.84
1056
Composite
11/7/2007
$27.85
3200
Composite
11/7/2007
$27.86
4300
Composite
11/7/2007
$27.87
1328
Composite
11/7/2007
$27.88
1972
Composite
11/7/2007
$27.89
700
Composite
11/7/2007
$27.90
200
Composite
11/7/2007
$27.91
3744
Composite
11/7/2007
$27.92
200
Composite
11/7/2007
$27.93
1400
Composite
11/7/2007
$27.96
200
Composite
11/7/2007
$27.97
500
Composite
11/7/2007
$27.98
9800
Composite
11/7/2007
$27.99
11527
Composite
11/7/2007
$28.00
56073
Synoptic
11/7/2007
$27.83
17
Synoptic
11/7/2007
$28.00
100
Valence
11/7/2007
$27.91
(2000)
Synoptic
11/8/2007
$27.63
(235)
Synoptic
11/8/2007
$27.65
(300)
Synoptic
11/8/2007
$27.68
(100)
Synoptic
11/8/2007
$27.80
(200)
Synoptic
11/8/2007
$27.81
17
Synoptic
11/8/2007
$27.81
(300)
Synoptic
11/8/2007
$27.85
(100)
Synoptic
11/8/2007
$27.88
46
Synoptic
11/8/2007
$27.89
(100)
Synoptic
11/8/2007
$27.93
(100)
Valence
11/8/2007
$27.88
(3700)
Composite
11/9/2007
$27.15
758
Composite
11/9/2007
$27.16
1342
Composite
11/9/2007
$27.17
2100
Composite
11/9/2007
$27.18
2800
Composite
11/9/2007
$27.19
700
Composite
11/9/2007
$27.20
1600
Composite
11/9/2007
$27.21
400
Composite
11/9/2007
$27.22
2900
Composite
11/9/2007
$27.23
2300
Composite
11/9/2007
$27.24
1900
Composite
11/9/2007
$27.25
2800
Composite
11/9/2007
$27.26
2100
Composite
11/9/2007
$27.27
3300
Composite
11/9/2007
$27.28
1954
Composite
11/9/2007
$27.29
1300
Composite
11/9/2007
$27.30
600
Composite
11/9/2007
$27.31
846
Composite
11/9/2007
$27.32
300
Composite
11/9/2007
$27.37
432
Composite
11/9/2007
$27.38
2009
Composite
11/9/2007
$27.39
2400
Composite
11/9/2007
$27.40
159
Composite
11/9/2007
$27.43
724
Composite
11/9/2007
$27.44
2781
Composite
11/9/2007
$27.45
4229
Composite
11/9/2007
$27.48
1800
Composite
11/9/2007
$27.49
1287
Composite
11/9/2007
$27.50
2264
Composite
11/9/2007
$27.54
387
Composite
11/9/2007
$27.55
4613
Composite
11/9/2007
$27.56
500
Composite
11/9/2007
$27.57
2500
Composite
11/9/2007
$27.58
1200
Composite
11/9/2007
$27.59
815
Composite
11/9/2007
$27.60
900
Composite
11/9/2007
$27.61
400
Composite
11/9/2007
$27.62
600
Composite
11/9/2007
$27.65
3663
Composite
11/9/2007
$27.68
300
Composite
11/9/2007
$27.69
900
Composite
11/9/2007
$27.70
7561
Composite
11/9/2007
$27.71
100
Composite
11/9/2007
$27.75
1900
Composite
11/9/2007
$27.78
252
Composite
11/9/2007
$27.79
466
Composite
11/9/2007
$27.80
3794
Composite
11/9/2007
$27.81
2458
Composite
11/9/2007
$27.82
1706
Composite
11/9/2007
$27.83
1200
Composite
11/9/2007
$27.84
2100
Composite
11/9/2007
$27.85
3200
Composite
11/9/2007
$27.88
500
Composite
11/9/2007
$27.90
9651
Composite
11/9/2007
$27.91
249
Synoptic
11/9/2007
$27.41
14
Synoptic
11/9/2007
$27.45
(12)
Synoptic
11/9/2007
$27.63
(100)
Synoptic
11/9/2007
$27.82
1200
Synoptic
11/9/2007
$27.89
600
Composite
11/12/2007
$27.46
1002
Composite
11/12/2007
$27.51
6090
Synoptic
11/12/2007
$27.49
116
Synoptic
11/12/2007
$27.52
300
Synoptic
11/12/2007
$27.54
(9)
Synoptic
11/12/2007
$27.60
(842)
Synoptic
11/12/2007
$27.72
(10)
Synoptic
11/12/2007
$27.74
(218)
Synoptic
11/12/2007
$27.75
300
Synoptic
11/12/2007
$27.78
300
Synoptic
11/12/2007
$27.86
(44)
Composite
11/13/2007
$27.15
3429
Composite
11/13/2007
$27.17
200
Composite
11/13/2007
$27.21
600
Composite
11/13/2007
$27.22
1171
Composite
11/13/2007
$27.23
1389
Composite
11/13/2007
$27.24
1930
Composite
11/13/2007
$27.25
7510
Composite
11/13/2007
$27.26
4162
Composite
11/13/2007
$27.27
12600
Composite
11/13/2007
$27.28
2500
Composite
11/13/2007
$27.29
2200
Composite
11/13/2007
$27.30
13305
Composite
11/13/2007
$27.33
1331
Composite
11/13/2007
$27.34
3300
Composite
11/13/2007
$27.35
773
Composite
11/13/2007
$27.36
800
Composite
11/13/2007
$27.37
4000
Composite
11/13/2007
$27.38
3800
Composite
11/13/2007
$27.39
4200
Composite
11/13/2007
$27.40
5600
Composite
11/13/2007
$27.41
11400
Composite
11/13/2007
$27.42
900
Composite
11/13/2007
$27.43
100
Composite
11/13/2007
$27.44
100
Composite
11/13/2007
$27.45
1200
Composite
11/13/2007
$27.46
600
Composite
11/13/2007
$27.47
2700
Composite
11/13/2007
$27.48
500
Composite
11/13/2007
$27.49
2600
Composite
11/13/2007
$27.50
5100
Synoptic
11/13/2007
$27.08
(1000)
Synoptic
11/13/2007
$27.32
57
Synoptic
11/13/2007
$27.39
206
Synoptic
11/13/2007
$27.40
300
DESIM LLC
11/14/2007
$27.60
(300)
DESIM LLC
11/14/2007
$27.68
(200)
DESIM LLC
11/14/2007
$27.77
(200)
DESIM LLC
11/14/2007
$27.79
(200)
Synoptic
11/14/2007
$27.52
100
Synoptic
11/14/2007
$27.69
(26)
Synoptic
11/14/2007
$27.70
300
Synoptic
11/14/2007
$27.74
400
Synoptic
11/14/2007
$27.80
39
Synoptic
11/15/2007
$27.48
1000
Synoptic
11/15/2007
$27.55
200
Synoptic
11/15/2007
$27.59
300
Synoptic
11/15/2007
$27.61
(200)
Synoptic
11/15/2007
$27.71
(1200)
Synoptic
11/15/2007
$27.78
(100)
Valence
11/15/2007
$27.34
100
Valence
11/15/2007
$27.35
1000
Valence
11/15/2007
$27.36
100
Valence
11/15/2007
$27.37
400
Valence
11/15/2007
$27.38
800
Valence
11/15/2007
$27.39
400
Valence
11/15/2007
$27.40
500
Valence
11/15/2007
$27.41
400
Valence
11/15/2007
$27.43
300
Valence
11/15/2007
$27.44
600
Valence
11/15/2007
$27.45
2325
Valence
11/15/2007
$27.46
4100
Valence
11/15/2007
$27.47
5700
Valence
11/15/2007
$27.48
1600
Valence
11/15/2007
$27.49
1000
Valence
11/15/2007
$27.50
5700
Valence
11/15/2007
$27.51
6800
Valence
11/15/2007
$27.52
1257
Valence
11/15/2007
$27.53
9218
Valence
11/15/2007
$27.54
3200
Valence
11/15/2007
$27.55
6985
Valence
11/15/2007
$27.56
4015
Valence
11/15/2007
$27.57
3400
Valence
11/15/2007
$27.58
1500
Valence
11/15/2007
$27.59
100
Valence
11/15/2007
$27.60
6800
Valence
11/15/2007
$27.61
400
Valence
11/15/2007
$27.62
400
Valence
11/15/2007
$27.63
600
Valence
11/15/2007
$27.64
300
Valence
11/15/2007
$27.65
200
Valence
11/15/2007
$27.70
9800
Valence
11/15/2007
$27.71
700
Valence
11/15/2007
$27.72
1000
Valence
11/15/2007
$27.73
1443
Valence
11/15/2007
$27.74
1757
Valence
11/15/2007
$27.75
5100
Valence
11/15/2007
$27.80
2743
Valence
11/15/2007
$27.81
200
Valence
11/15/2007
$27.82
657
Valence
11/15/2007
$27.83
500
Valence
11/15/2007
$27.84
3000
Valence
11/15/2007
$27.85
2900
Valence
11/15/2007
$40.00
(1000)
DESIM LLC
11/16/2007
$27.63
200
DESIM LLC
11/16/2007
$27.65
200
Synoptic
11/16/2007
$27.30
(100)
Synoptic
11/16/2007
$27.34
(100)
Synoptic
11/16/2007
$27.46
(1144)
Synoptic
11/16/2007
$27.47
126
Synoptic
11/16/2007
$27.49
1107
Synoptic
11/16/2007
$27.50
(400)
Synoptic
11/16/2007
$27.55
(714)
Synoptic
11/16/2007
$27.58
(100)
Synoptic
11/16/2007
$27.62
100
Synoptic
11/16/2007
$27.69
100
Valence
11/16/2007
$27.37
81
Valence
11/16/2007
$27.39
100
Valence
11/16/2007
$27.45
1519
Valence
11/16/2007
$27.46
1900
Valence
11/16/2007
$27.47
6500
Valence
11/16/2007
$27.48
8000
Valence
11/16/2007
$27.49
9800
Valence
11/16/2007
$27.50
27100
Valence
11/16/2007
$27.53
561
Valence
11/16/2007
$27.54
600
Valence
11/16/2007
$27.55
7739
Valence
11/16/2007
$27.56
1000
Valence
11/16/2007
$27.57
4500
Valence
11/16/2007
$27.58
600
Valence
11/16/2007
$27.59
200
Valence
11/16/2007
$27.60
29800
Synoptic
11/19/2007
$26.84
(688)
Synoptic
11/19/2007
$26.85
100
Synoptic
11/19/2007
$26.94
333
Synoptic
11/19/2007
$26.97
394
Synoptic
11/19/2007
$26.98
246
Valence
11/19/2007
$26.76
719
Valence
11/19/2007
$26.77
16507
Valence
11/19/2007
$26.78
12904
Valence
11/19/2007
$26.79
5870
Valence
11/19/2007
$26.80
21593
Valence
11/19/2007
$26.81
200
Valence
11/19/2007
$26.82
7105
Valence
11/19/2007
$26.83
82
Valence
11/19/2007
$26.84
1000
Valence
11/19/2007
$26.85
1502
Valence
11/19/2007
$26.88
100
Valence
11/19/2007
$26.89
200
Valence
11/19/2007
$26.90
4800
Valence
11/19/2007
$26.95
16544
Valence
11/19/2007
$27.00
10200
Valence
11/19/2007
$27.01
674
Synoptic
11/20/2007
$26.24
5
Synoptic
11/20/2007
$26.32
400
Synoptic
11/20/2007
$26.41
(100)
Synoptic
11/20/2007
$26.70
(253)
Synoptic
11/20/2007
$26.93
(274)
Synoptic
11/20/2007
$26.98
(78)
Valence
11/20/2007
$26.24
1117
Valence
11/20/2007
$26.26
500
Valence
11/20/2007
$26.27
300
Valence
11/20/2007
$26.28
200
Valence
11/20/2007
$26.29
900
Valence
11/20/2007
$26.30
1100
Valence
11/20/2007
$26.33
1600
Valence
11/20/2007
$26.35
1200
Valence
11/20/2007
$26.38
700
Valence
11/20/2007
$26.39
2300
Valence
11/20/2007
$26.40
3400
Valence
11/20/2007
$26.41
100
Valence
11/20/2007
$26.42
200
Valence
11/20/2007
$26.43
500
Valence
11/20/2007
$26.44
800
Valence
11/20/2007
$26.44
(400)
Valence
11/20/2007
$26.45
400
Valence
11/20/2007
$26.46
400
Valence
11/20/2007
$26.47
1100
Valence
11/20/2007
$26.48
100
Valence
11/20/2007
$26.49
200
Valence
11/20/2007
$26.50
200
Valence
11/20/2007
$26.53
100
Valence
11/20/2007
$26.54
700
Valence
11/20/2007
$26.56
500
Valence
11/20/2007
$26.57
700
Valence
11/20/2007
$26.59
200
Valence
11/20/2007
$26.60
300
Valence
11/20/2007
$26.64
900
Valence
11/20/2007
$26.66
200
Valence
11/20/2007
$26.67
400
Valence
11/20/2007
$26.70
700
Valence
11/20/2007
$26.71
300
Valence
11/20/2007
$26.73
200
Valence
11/20/2007
$26.76
300
Valence
11/20/2007
$26.83
1100
Valence
11/20/2007
$26.85
400
Valence
11/20/2007
$26.91
300
Valence
11/20/2007
$26.97
500
Valence
11/20/2007
$26.98
200
Valence
11/20/2007
$26.99
1500
Valence
11/20/2007
$27.00
2200
Valence
11/20/2007
$27.03
400
Valence
11/20/2007
$27.04
700
Valence
11/20/2007
$27.05
300
Valence
11/20/2007
$27.06
300
Valence
11/20/2007
$27.09
397
Valence
11/20/2007
$27.11
500

 
 


 
The trading dates, transactions, exercises and assignments, and the price per share implied by the transactions, for all transactions by the Reporting Persons in options of the Issuer within the last 60 days through November 20, 2007, which were all brokered transactions, are set forth below.

Entity
 
Date
 
Security Description
 
Action
 
Notional number
of shares
 
Price per
Contract
 
Valence
10/19/2007
$35 October 2007 put
Expiry
3400
0
Valence
11/15/2007
$40 January 2010 put
Expiry
(1000)
0


 
(d) Other than with respect to Common Shares which Valence has the right to acquire through call options, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares set forth above.
   
 
Clause (e) of Item 5 of Schedule 13D is not applicable.
   
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
   
 
Item 6 of the Schedule 13D is hereby amended and restated in its entirety as follows:
   
 
As of November 20, 2007, Valence maintains an open short position on 21 put option contracts based upon the value of the Common Shares.  In addition to the Common Shares that it beneficially owns without reference to these contracts, Valence has long economic exposure to 2,100 Common Shares through such contracts.  Valence maintains an open short position on 50 call option contracts and therefore has short economic exposure to 5,000 Common Shares through such contracts.  Valence also maintains an open short position of 5,000 Common Shares.  These contracts and arrangements do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer.  Accordingly, the Reporting Persons disclaim any beneficial ownership in any securities that may be referenced with any person with respect to any securities of the Issuer.
 
As of November 20, 2007, Synoptic maintains an open short position of 342 Common Shares.
 
Except for the matters described herein, neither the Reporting Persons nor, to the best knowledge of any Reporting Persons, any of the persons listed in Item 2 has any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer as of November 20, 2007.
   
Item 7.
Material to be Filed as Exhibits
   
Exhibit 1
Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co., Inc., in favor of the signatories hereto, among others, dated October 24, 2007.
   
Exhibit 2
Power of Attorney, granted by David E. Shaw relating to D. E. Shaw & Co. II, Inc., in favor of the signatories hereto, among others, dated October 24, 2007.
   


      
  
    


SIGNATURE

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete, and correct.

Dated:  November 21, 2007

 



D. E. SHAW COMPOSITE PORTFOLIOS, L.L.C.
By:
D. E. SHAW & CO., L.L.C., as Managing Member
 
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Managing Director

D. E. SHAW VALENCE PORTFOLIOS, L.L.C.
By:
D. E. SHAW & CO., L.P., as Managing Member
 
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Managing Director

D. E. SHAW SYNOPTIC PORTFOLIOS 2, L.L.C.
By:
D. E. SHAW & CO., L.L.C., as Managing Member
 
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Managing Director

D. E. SHAW & Co., L.L.C.
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Managing Director

D. E. SHAW & Co., L.P.
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Managing Director

DAVID E. SHAW
 
By:
/s/ Maximilian Stone
 
Name: Maximilian Stone
 
Title: Attorney-in-Fact for David E. Shaw