-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DiCYyPvUCEnyvSZMQZmJXIiJFlHXKySpE1qmourvTgg0mbjdrTAEOmK4fyOeqKxB lTSkNrIdnAQMVPQ28EruDw== 0000898382-99-000026.txt : 19990518 0000898382-99-000026.hdr.sgml : 19990518 ACCESSION NUMBER: 0000898382-99-000026 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990517 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BAYCORP HOLDINGS LTD CENTRAL INDEX KEY: 0001012127 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 020488443 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-50357 FILM NUMBER: 99627467 BUSINESS ADDRESS: STREET 1: 100 MAIN ST STREET 2: COCHECO FALLS MILLWORKS CITY: DOVER STATE: NH ZIP: 03820 BUSINESS PHONE: 6037423388 MAIL ADDRESS: STREET 1: COCHECO FALLS MILLWORKS STREET 2: 100 MAIN ST STE 201 CITY: DOVER STATE: NH ZIP: 03820 FORMER COMPANY: FORMER CONFORMED NAME: GREAT BAY HOLDINGS CORP DATE OF NAME CHANGE: 19960424 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COOPERMAN LEON G CENTRAL INDEX KEY: 0000898382 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 128321905 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL STREET PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2124955210 MAIL ADDRESS: STREET 1: 88 PINE STREET STREET 2: WALL ST PLAZA 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.2)* BAYCORP HOLDINGS, LTD. (Name of Issuer) Common Stock, $.01 par value (Title of Class of Securities) 072728108 (CUSIP Number) Alan M. Stark 80 Main Street West Orange, New Jersey 07052 (201)325-8660 (Name Address, and Telephone Number of Person Authorized to Receive Notices and Communications) April 16, 1999 (Date of Event which Requires Filing of this Statement) If this filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4) check the following box [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 ("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). SCHEDULE 13D CUSIP No. 072728108 _______________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): LEON G. COOPERMAN S.S. No. ###-##-#### _______________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] _______________________________________________________________ 3) SEC Use Only ________________________________________________________________ 4) Source of Funds: WC _______________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE _______________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ________________________________________________________________ (7) Sole voting Power Number of 2,266,520 Shares Bene- ------------------------------------------------- ficially (8) Shared Voting Power owned by 581,480 Each Report- ------------------------------------------------- ing Person (9) Sole Dispositive Power With 2,266,520 ------------------------------------------------- (10) Shared Dispositive Power 581,480 ____________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,848,000 _______________________________________________________________ 12) Check if the Aggregate Amount in Row (11): N/A ________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 34.8% ________________________________________________________________ 14) Type of Reporting Person IN SCHEDULE 13D CUSIP No. 072728108 ________________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA CAPITAL PARTNERS, L.P. 13-3628306 ________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] ________________________________________________________________ 3) SEC Use Only _______________________________________________________________ 4) Source of Funds: WC ________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE ________________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ________________________________________________________________ (7) Sole voting Power Number of 1,031,760 Shares Bene- ------------------------------------------------- ficially (8) Shared Voting Power owned by -0- Each Report- ------------------------------------------------- ing Person (9) Sole Dispositive Power With 1,031,760 ------------------------------------------------- (10) Shared Dispositive Power -0- ___________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,031,760 ________________________________________________________________ 12) Check if the Aggregate Amount in Row (11): N/A ________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 12.6% ________________________________________________________________ 14) Type of Reporting Person PN SCHEDULE 13D CUSIP No. 072728108 ________________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA INSTITUTIONAL PARTNERS, L.P. 13-3633614 ________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] ________________________________________________________________ 3) SEC Use Only ________________________________________________________________ 4) Source of Funds: WC ________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE ________________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ________________________________________________________________ (7) Sole voting Power Number of 76,520 Shares Bene- ------------------------------------------------- ficially (8) Shared Voting Power owned by -0- Each Report- ------------------------------------------------- ing Person (9) Sole Dispositive Power With 76,520 ------------------------------------------------- (10) Shared Dispositive Power -0- ________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 76,520 ________________________________________________________________ 12) Check if the Aggregate Amount in Row (11): N/A ________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 0.9% ________________________________________________________________ 14) Type of Reporting Person PN SCHEDULE 13D CUSIP No. 072728108 ________________________________________________________________ 1) Names of Reporting Person (S.S. or I.R.S. Identifi- cation No. of Above Person): OMEGA ADVISORS, INC. 13-3628307 ________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] ________________________________________________________________ 3) SEC Use Only ________________________________________________________________ 4) Source of Funds: WC ________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): NOT APPLICABLE ________________________________________________________________ 6) Citizenship or place of Organization: UNITED STATES ________________________________________________________________ (7) Sole voting Power Number of 1,158,240 Shares Bene- ------------------------------------------------- ficially (8) Shared Voting Power owned by 581,480 Each Report- ------------------------------------------------- ing Person (9) Sole Dispositive Power With 1,158,240 ------------------------------------------------- (10) Shared Dispositive Power 581,480 ________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 1,737,720 ________________________________________________________________ 12) Check if the Aggregate Amount in Row (11): N/A ________________________________________________________________ 13) Percent of Class Represented by Amount in Box (11): 21.2% ________________________________________________________________ 14) Type of Reporting Person IA Item 1. Security and Issuer. This statement relates to the common stock, $.01 par value (the "Common Stock" or the "Shares"), of BAYCORP HOLDINGS, LTD. ("Company"), which has its principal executive offices at 20 International Drive, Suite 301, Portsmouth, New Hampshire 03801. Item 3. Source and Amount of Funds or Other Consideration. Cooperman beneficially owns 2,848,000 Shares. Of this amount, 1,031,760 Shares were purchased by Omega Capital Partners, L.P., at a cost of $7,511,493; 76,520 Shares were purchased by Omega Institutional Partners, L.P., at a cost of $557,089; 1,158,240 Shares were purchased by Omega Overseas Partners, Ltd., at a cost of $8,439,207 ; and 581,480 Shares were purchased by the Managed Account, at a cost of $3,494,402. The source of funds for the purchase of all such Shares was investment capital. Item 5. Interest in Securities of the Issuer. Based upon the information contained in the Company's Form 10K for the year ended December 31, 1998 filed with the Securities & Exchange Commission, there were issued and outstanding 8,192,000 Shares as of March 17, 1999. Omega Capital Partners, L.P., owns 1,031,760 Shares, or 12.6% of those outstanding; Omega Institutional Partners, L.P., owns 76,520 Shares, or 0.9% of those outstanding; Omega Overseas Partners, Ltd., owns 1,158,240 Shares, or 14.1% of those outstanding; and the Managed Account owns 581,480 Shares, or 7.1% of those outstanding. Cooperman possesses sole power to vote and direct the disposition of all Shares of Common Stock owned by Omega Overseas Partners. The only transaction by the filing entities within 60 days prior to April 16, 1999 and to date was a market purchase by the Managed Account on April 16, 1999 of 137,500 at $1.875 per share. Signature After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. Dated: May 14, 1999 /s/ Alan M. Stark ALAN M. STARK on behalf of LEON G. COOPERMAN, pursuant to Power of Attorney on file. /s/ Alan M. Stark ALAN M. STARK on behalf of LEON G. COOPERMAN, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Capital Partners, L.P., pursuant to Power of Attorney on file. /s/ Alan M. Stark ALAN M. STARK on behalf of LEON G. COOPERMAN, as Managing Member of Omega Associates, L.L.C. on behalf of Omega Institutional Partners, L.P., pursuant to Power of Attorney on file. /s/ Alan M. Stark ALAN M. STARK on behalf of LEON G. COOPERMAN, as President of Omega Advisors, Inc., pursuant to Power of Attorney on file. ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----