-----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, LTztjVtt+A7Smx0vv5fwnAhljbSSs2S4k1yTTYEwl2CORdjoMLO694aEHG934r5t xUkHgR/uXZ9/KQDXhd1Tgw== 0001144204-09-009630.txt : 20090218 0001144204-09-009630.hdr.sgml : 20090218 20090218163146 ACCESSION NUMBER: 0001144204-09-009630 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20090218 DATE AS OF CHANGE: 20090218 GROUP MEMBERS: D. E. SHAW & CO., L.L.C. GROUP MEMBERS: D. E. SHAW & CO., L.P. GROUP MEMBERS: DAVID E. SHAW SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRESUD INC CENTRAL INDEX KEY: 0001034957 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50733 FILM NUMBER: 09618961 BUSINESS ADDRESS: STREET 1: AV ROQUE SAENZ PENA 832 STREET 2: 8TH FL CITY: BUENOS AIRES ARGENTINA STATE: C1 ZIP: 1388 BUSINESS PHONE: 5413287808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: D. E. Shaw Oculus Portfolios, L.L.C. CENTRAL INDEX KEY: 0001327537 IRS NUMBER: 200805088 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 120 WEST FORTY-FIFTH STREET STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-478-0000 MAIL ADDRESS: STREET 1: 120 WEST FORTY-FIFTH STREET STREET 2: 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G/A 1 v140690_sc13ga.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G
(Amendment No. 3)

Under the Securities Exchange Act of 1934 


Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
(Name of Issuer)
 
Common Stock, 1.00 peso par value
(Title of Class of Securities)

 
226406106
(CUSIP Number)
 

February 10, 2009
(Date of Event Which Requires Filing of this Statement)

Check the following box to designate the rule pursuant to which the Schedule is filed:

o
Rule 13d-1(b)
 
x
Rule 13d-1(c)
 
o
Rule 13d-1(d)
 

* 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 the disclosures provided in a prior cover page.

The information required in 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).

 

CUSIP No. 226406106
 
  
 
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw Oculus Portfolios, L.L.C.
20-0805088
  
       
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
   
(a)
o
      
   
(b)
o
      
         
 
3.
SEC Use Only
 
       
 
4.
Citizenship or Place of Organization
Delaware
  
       
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
-0-
  
       
     
6.
Shared Voting Power
44,770,166 (1)
  
           
     
7.
Sole Dispositive Power
-0-
  
           
     
8.
Shared Dispositive Power
44,770,166 (1)
  
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
44,770,166 (1)
  
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
  
       
 
11.
Percent of Class Represented by Amount in Row (9)
9.3% (2)
  
       
 
12.
Type of Reporting Person (See Instructions)
OO
  

(1) The number of shares beneficially owned includes 41,057,030 common shares represented by 4,105,703 American depositary shares (“ADS”) and warrants exercisable into 3,713,136 shares.

(2)  The percent of class is based on 479,593,000 shares of outstanding common stock as of December 31, 2008, as reported in the Issuer’s February 10, 2009, Form 6-K, and includes 3,713,136 shares from the potential exercise of the warrants for a total of 483,306,136 shares.
 
 
CUSIP No. 226406106
 
  
 
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw & Co., L.L.C.
13-3799946
  
       
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
   
(a)
o
  
   
(b)
o
  
         
 
3.
SEC Use Only
 
       
 
4.
Citizenship or Place of Organization
Delaware
  
       
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
-0-
  
       
     
6.
Shared Voting Power
44,770,166 (1)
  
           
     
7.
Sole Dispositive Power
-0-
  
           
     
8.
Shared Dispositive Power
44,770,166 (1)
  
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
44,770,166 (1)
  
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
  
       
 
11.
Percent of Class Represented by Amount in Row (9)
9.3% (2)
  
       
 
12.
Type of Reporting Person (See Instructions)
OO
  
 
(1) The number of shares beneficially owned includes 41,057,030 common shares represented by 4,105,703 ADS and warrants exercisable into 3,713,136 shares.

(2)  The percent of class is based on 479,593,000 shares of outstanding common stock as of December 31, 2008, as reported in the Issuer’s February 10, 2009, Form 6-K, and includes 3,713,136 shares from the potential exercise of the warrants for a total of 483,306,136 shares.
 

CUSIP No. 226406106
 
  
 
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw & Co., L.P.
13-3695715
  
       
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
   
(a)
o
  
   
(b)
o
  
         
 
3.
SEC Use Only
 
       
 
4.
Citizenship or Place of Organization
Delaware
  
       
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
-0-
  
       
     
6.
Shared Voting Power
48,563,296 (1)
  
           
     
7.
Sole Dispositive Power
-0-
  
           
     
8.
Shared Dispositive Power
48,563,296 (1)
  
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
48,563,296 (1)
  
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
  
       
 
11.
Percent of Class Represented by Amount in Row (9)
10.0% (2)
  
       
 
12.
Type of Reporting Person (See Instructions)
IA, PN
  

(1) The number of shares beneficially owned includes 44,850,160 common shares represented by 4,485,016 ADS and warrants exercisable into 3,713,136 shares.

(2)  The percent of class is based on 479,593,000 shares of outstanding common stock as of December 31, 2008, as reported in the Issuer’s February 10, 2009, Form 6-K, and includes 3,713,136 shares from the potential exercise of the warrants for a total of 483,306,136 shares.
 
CUSIP No. 226406106
  
   
 
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
David E. Shaw
  
       
 
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
   
(a)
o
 
  
   
(b)
o
    
         
 
3.
SEC Use Only
 
       
 
4.
Citizenship or Place of Organization
United States
  
       
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
5.
Sole Voting Power
-0-
  
       
     
6.
Shared Voting Power
48,563,296 (1)
  
           
     
7.
Sole Dispositive Power
-0-
  
           
     
8.
Shared Dispositive Power
48,563,296 (1)
  
 
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
48,563,296 (1)
  
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
  
       
 
11.
Percent of Class Represented by Amount in Row (9)
10.0% (2)
  
       
 
12.
Type of Reporting Person (See Instructions)
IN
  

(1) The number of shares beneficially owned includes 44,850,160 common shares represented by 4,485,016 ADS and warrants exercisable into 3,713,136 shares.

(2)  The percent of class is based on 479,593,000 shares of outstanding common stock as of December 31, 2008, as reported in the Issuer’s February 10, 2009, Form 6-K, and includes 3,713,136 shares from the potential exercise of the warrants for a total of 483,306,136 shares.
 
 
Item 1.
   
(a)
 
Name of Issuer:
   
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
     
(b)
 
Address of Issuer's Principal Executive Offices:
   
Moreno 877, 23rd Floor
C1091AAQ - Buenos Aires
Argentina
     
Item 2.
   
(a)
 
Name of Person Filing:
   
D. E. Shaw Oculus Portfolios, L.L.C.
D. E. Shaw & Co., L.L.C.
D. E. Shaw & Co., L.P.
David E. Shaw
     
(b)
 
Address of Principal Business Office or, if none, Residence:
   
The business address for each reporting person is:
120 W. 45th Street, Tower 45, 39th Floor
New York, NY 10036
     
(c)
 
Citizenship:
   
D. E. Shaw Oculus Portfolios, L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw & Co., L.L.C. is a limited liability company organized under the laws of the state of Delaware.
D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
David E. Shaw is a citizen of the United States of America.
     
(d)
 
Title of Class of Securities:
   
Common Stock, 1.00 peso par value
     
(e)
 
CUSIP Number:
   
226406106
  
Item 3.
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
 
     
Not Applicable
  

Item 4.
Ownership
  
     
As of February 17, 2009:
 
(a) Amount beneficially owned:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
44,770,166 shares
This is composed of (i) 41,057,030 common shares represented by 4,105,703 ADS in the name of D. E. Shaw Oculus Portfolios, L.L.C. and (ii) 3,713,136 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire upon exercise of warrants.
 
D. E. Shaw & Co., L.L.C.:
44,770,166 shares
This is composed of (i) 41,057,030 common shares represented by 4,105,703 ADS in the name of D. E. Shaw Oculus Portfolios, L.L.C. and (ii) 3,713,136 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire upon exercise of warrants.
   
D. E. Shaw & Co., L.P.:
48,563,296 shares
This is composed of (i) 41,057,030 common shares represented by 4,105,703 ADS in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 3,713,136 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire upon exercise of warrants, and (iii) 3,793,130 common shares represented by 379,313 ADS in the name of D. E. Shaw Valence Portfolios, L.L.C.
   
David E. Shaw:
48,563,296 shares
This is composed of (i) 41,057,030 common shares represented by 4,105,703 ADS in the name of D. E. Shaw Oculus Portfolios, L.L.C., (ii) 3,713,136 shares that D. E. Shaw Oculus Portfolios, L.L.C. has the right to acquire upon exercise of warrants, and (iii) 3,793,130 common shares represented by 379,313 ADS in the name of D. E. Shaw Valence Portfolios, L.L.C.
   
 
(b) Percent of class:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
9.3%
 
D. E. Shaw & Co., L.L.C.:
9.3%
 
D. E. Shaw & Co., L.P.:
10.0%
 
David E. Shaw:
10.0%
 
(c) Number of shares to which the person has:
 
(i)      Sole power to vote or to direct the vote:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
-0- shares
 
D. E. Shaw & Co., L.L.C.:
-0- shares
 
D. E. Shaw & Co., L.P.:
-0- shares
 
David E. Shaw:
-0- shares
 
(ii)     Shared power to vote or to direct the vote:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
44,770,166 shares
 
D. E. Shaw & Co., L.L.C.:
44,770,166 shares
 
D. E. Shaw & Co., L.P.:
48,563,296 shares
 
David E. Shaw:
48,563,296 shares
 
(iii)    Sole power to dispose or to direct the disposition of:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
-0- shares
 
D. E. Shaw & Co., L.L.C.:
-0- shares
 
D. E. Shaw & Co., L.P.:
-0- shares
 
David E. Shaw:
-0- shares
 
(iv)    Shared power to dispose or to direct the disposition of:
 
D. E. Shaw Oculus Portfolios, L.L.C.:
44,770,166 shares
 
D. E. Shaw & Co., L.L.C.:
44,770,166 shares
 
D. E. Shaw & Co., L.P.:
48,563,296 shares
 
David E. Shaw:
48,563,296 shares
 
David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser and managing member of D. E. Shaw Valence Portfolios, L.L.C. and the investment adviser of D. E. Shaw Oculus Portfolios, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the managing member of D. E. Shaw Oculus Portfolios, L.L.C., 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 48,563,296 shares as described above constituting 10.0% of the outstanding shares, and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 48,563,296 shares.
 
Item 5.
Ownership of Five Percent or Less of a Class
Not Applicable
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person
Not Applicable
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
Not Applicable
 
Item 8.
Identification and Classification of Members of the Group
Not Applicable
 
Item 9.
Notice of Dissolution of Group
Not Applicable
 
Item 10.
Certification
By signing below, each of D. E. Shaw Oculus Portfolios, L.L.C., D. E. Shaw & Co., L.L.C., D. E. Shaw & Co., L.P., and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect.
 
 

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. Powers of Attorney, dated October 24, 2007, granted by David E. Shaw in favor of Rochelle Elias, are attached hereto.

Dated: February 18, 2009
 
 
D. E. Shaw Oculus Portfolios, L.L.C.
 
 
 
 
  By:  /s/ Rochelle Elias
 
 
Rochelle Elias
Authorized Signatory
 
 
 
D. E. Shaw & Co., L.L.C.
 
 
 
 
  By:  /s/ Rochelle Elias
 
 
Rochelle Elias
Chief Compliance Officer
 
     
  D. E. Shaw & Co., L.P.
 
 		  
 		  
 
  By:    /s/ Rochelle Elias
 
Rochelle Elias
Chief Compliance Officer
 
     
  David E. Shaw
 
 		  
 		  
 
  By:    /s/ Rochelle Elias
 
Rochelle Elias
Attorney-in-Fact for David E. Shaw
 
 
 
 EX-1 2 v140690_ex-1.htm
Exhibit 1

POWER OF ATTORNEY
FOR CERTAIN FILINGS
UNDER THE SECURITIES EXCHANGE ACT OF 1934
I, David E. Shaw, hereby make, constitute, and appoint each of:

Anne Dinning,

Rochelle Elias,

Julius Gaudio,

John Liftin,

Louis Salkind,

Stuart Steckler,

Maximilian Stone, and

Eric Wepsic,

acting individually, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, executing in my name and/or my capacity as President of D. E. Shaw & Co., Inc. (acting for itself or as the general partner of D. E. Shaw & Co., L. P. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities) all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, “documents”) determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including without limitation Forms 3, 4, 5, and 13F and Schedules 13D and 13G required to be filed with the Securities and Exchange Commission; and delivering, furnishing, or filing any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person’s execution, delivery, furnishing, and/or filing of the applicable document.

This power of attorney shall be valid from the date hereof and replaces the power granted on February 24, 2004, which is hereby cancelled.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: October 24, 2007

DAVID E. SHAW, as President of
D. E. Shaw & Co., Inc.
/s/ David E. Shaw
New York, New York
 EX-2 3 v140690_ex-2.htm
Exhibit 2

POWER OF ATTORNEY
FOR CERTAIN FILINGS
UNDER THE SECURITIES EXCHANGE ACT OF 1934


I, David E. Shaw, hereby make, constitute, and appoint each of:

Anne Dinning,

Rochelle Elias,

Julius Gaudio,

John Liftin,

Louis Salkind,

Stuart Steckler,

Maximilian Stone, and

Eric Wepsic,

acting individually, as my agent and attorney-in-fact, with full power of substitution, for the purpose of, from time to time, executing in my name and/or my capacity as President of D. E. Shaw & Co. II, Inc. (acting for itself or as the managing member of D. E. Shaw & Co., L.L.C. and general partner, managing member, or manager of other entities, any of which in turn may be acting for itself or other entities) all documents, certificates, instruments, statements, other filings, and amendments to the foregoing (collectively, “documents”) determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including without limitation Forms 3, 4, 5, and 13F and Schedules 13D and 13G required to be filed with the Securities and Exchange Commission; and delivering, furnishing, or filing any such documents to or with the appropriate governmental or regulatory authority. Any such determination shall be conclusively evidenced by such person’s execution, delivery, furnishing, and/or filing of the applicable document.

This power of attorney shall be valid from the date hereof and replaces the power granted on February 24, 2004, which is hereby cancelled.

IN WITNESS HEREOF, I have executed this instrument as of the date set forth below.

Date: October 24, 2007

DAVID E. SHAW, as President of
D. E. Shaw & Co. II, Inc.
/s/ David E. Shaw
New York, New York
 
 
 
 
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