-----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, JO/KPA6UXGXreNjYK3uIUD1KttQp5HaLpdy1hgijfTCF+LinQFeu73sHg9/5rDdK dDbkJ0AYH0pVF7EcrOA4gw== 0001144204-07-007606.txt : 20070214 0001144204-07-007606.hdr.sgml : 20070214 20070214113916 ACCESSION NUMBER: 0001144204-07-007606 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070214 DATE AS OF CHANGE: 20070214 GROUP MEMBERS: D. E. SHAW & CO., L.P. GROUP MEMBERS: DAVID E. SHAW SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CEPHALON INC CENTRAL INDEX KEY: 0000873364 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 232484489 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41753 FILM NUMBER: 07615902 BUSINESS ADDRESS: STREET 1: 41 MOORES ROAD CITY: FRAZER STATE: PA ZIP: 19355 BUSINESS PHONE: 6103440200 MAIL ADDRESS: STREET 1: 41 MOORES ROAD CITY: FRAZER STATE: PA ZIP: 19355 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: D. E. Shaw Valence Portfolios, L.L.C. CENTRAL INDEX KEY: 0001294704 IRS NUMBER: 134046559 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 39TH FLOOR, TOWER 45 STREET 2: 120 WEST FORTY-FIFTH STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: (212) 478-0000 MAIL ADDRESS: STREET 1: 39TH FLOOR, TOWER 45 STREET 2: 120 WEST FORTY-FIFTH STREET CITY: NEW YORK STATE: NY ZIP: 10036 SC 13G/A 1 v064567_sc13g-a.htm
 
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G
(Amendment No. 1)

Under the Securities Exchange Act of 1934 

Cephalon, Inc.
(Name of Issuer)

Common Stock, $0.01 par value
(Title of Class of Securities)

156708109
(CUSIP Number)

December 31, 2006
(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. 156708109
 
 
 
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw Valence Portfolios, L.L.C.
13-4046559
 
       
 
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
2,065,500
 
           
     
7.
Sole Dispositive Power
-0-
 
           
     
8.
Shared Dispositive Power
2,065,500
 
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
2,065,500
 
       
 
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
 
 
 
11.
Percent of Class Represented by Amount in Row (9)
3.4%
 
       
 
12.
Type of Reporting Person (See Instructions)
OO
 
 

 

CUSIP No. 156708109
 
 
 
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
3,454,430
 
           
     
7.
Sole Dispositive Power
-0-
 
           
     
8.
Shared Dispositive Power
3,454,430
 
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
3,454,430
 
       
 
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)
5.7%
 
       
 
12.
Type of Reporting Person (See Instructions)
IA, PN
 
 

 

CUSIP No. 156708109
 
   
 
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
3,454,430
 
           
     
7.
Sole Dispositive Power
-0-
 
           
     
8.
Shared Dispositive Power
3,454,430
 
           
 
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
3,454,430
 
       
 
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)
5.7%
 
       
 
12.
Type of Reporting Person (See Instructions)
IN
 
 

 
 
Item 1.
 
 
(a)
Name of Issuer:
   
Cephalon, Inc.
 
 
(b)
Address of Issuer's Principal Executive Offices:
 
 
41 Moores Road
Frazer, PA 19355
 
Item 2.
 
 
(a)
Name of Person Filing:
   
D. E. Shaw Valence Portfolios, 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 Valence Portfolios, 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, $0.01 par value
 
 
(e)
CUSIP Number:
   
156708109
 
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 December 31, 2006:
 
(a) Amount beneficially owned:
 
D. E. Shaw Valence Portfolios, L.L.C.:
 
2,065,500 shares
This is composed of 2,065,500 shares that D. E. Shaw Valence, L.L.C. has the right to acquire through the exercise of listed call options.
 
D. E. Shaw & Co., L.P.:
 
 
3,454,430 shares
This is composed of (i) 1,388,930 shares in the name of D. E. Shaw Meniscus Portfolios, L.L.C. and (ii) 2,065,500 shares that D. E. Shaw Valence, L.L.C. has the right to acquire through the exercise of listed call options.
 
David E. Shaw:
 
 
 
3,454,430 shares
This is composed of (i) 1,388,930 shares in the name of D. E. Shaw Meniscus Portfolios, L.L.C. and (ii) 2,065,500 shares that D. E. Shaw Valence, L.L.C. has the right to acquire through the exercise of listed call options.
     
 (b) Percent of class:    
D. E. Shaw Valence Portfolios, L.L.C.:
 
3.4%
D. E. Shaw & Co., L.P.:
 
5.7%
David E. Shaw:
 
5.7%
 

 
(c) Number of shares to which the person has:
(i) Sole power to vote or to direct the vote:
D. E. Shaw Valence Portfolios, 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 Valence Portfolios, L.L.C.:
 
2,065,500 shares
D. E. Shaw & Co., L.P.:
 
3,454,430 shares
David E. Shaw:
 
3,454,430 shares
     
(iii) Sole power to dispose or to direct the disposition of:
D. E. Shaw Valence Portfolios, 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 Valence Portfolios, L.L.C.:
 
2,065,500 shares
D. E. Shaw & Co., L.P.:
 
3,454,430 shares
David E. Shaw:
  3,454,430 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 of D. E. Shaw Meniscus Portfolios, L.L.C., the managing member and investment adviser of D. E. Shaw Valence Portfolios, L.L.C., and the managing member of D. E. Shaw Valence, 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 Meniscus 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 3,454,430 shares as described above constituting 5.7% 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 3,454,430 shares.
 
Item 5.
Ownership of Five Percent or Less of a Class
 
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following x
 
D. E. Shaw Valence Portfolios, L.L.C. has ceased to be the beneficial owner of more than 5 percent of the class of securities.
 
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 Valence Portfolios, 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. A Power of Attorney, dated February 24, 2004, granted by David E. Shaw in favor of Eric Wepsic, is attached hereto.

Dated: February 14, 2007
     
 
D. E. Shaw Valence Portfolios, L.L.C.
By: D. E. Shaw & Co., L.P., as managing member
 
 
 
 
 
 
 
By:  /s/ Eric Wepsic
    

Eric Wepsic
Managing Director
   
 
     
 
D. E. Shaw & Co., L.P.
 
 
 
 
 
 
  By:   /s/ Eric Wepsic
 
Eric Wepsic
  Managing Director 

     
 
David E. Shaw
 
 
 
 
 
 
  By:   /s/ Eric Wepsic
 
Eric Wepsic
 
Attorney-in-Fact for David E. Shaw


 
EX-1 2 v064567_ex1.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,

Julius Gaudio,

Lou Salkind,

Stuart Steckler, 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 or managing member of other entities, any which in turn may be acting for itself or other entities) all documents, certificates, instruments, statement, other filings, and amendments to the forgoing (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, 13D, 13F, and 13G required to be filed with the Securities and Exchange Commission; and delivering, furnishing or filing any such documents 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 5, 2001, which is hereby cancelled.

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

Date: February 24, 2004

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

 
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