UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------------------------------------------------
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NEIGHBORCARE, INC.
------------------
(Name of Issuer)
Common Stock, par value $.02 per share
----------------------------------------------
(Title of Class of Securities)
64015Y104
-------------------------
(CUSIP Number)
December 31, 2004
-------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] 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).
Continued on following pages
Page 1 of 13 Pages
Exhibit Index: Page 12
SCHEDULE 13G
CUSIP No.: 64015Y104 Page 2 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CHESAPEAKE PARTNERS MANAGEMENT CO., INC.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Maryland
................................................................................
Number of 5. Sole Voting Power 0
Shares .............................................................
Beneficially 6. Shared Voting Power 2,395,293
Owned by Each .............................................................
Reporting 7. Sole Dispositive Power 0
Person With .............................................................
8. Shared Dispositive Power 2,395,293
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
2,395,293
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
5.4% based on 44,121,407 shares outstanding as of February 4, 2005.
................................................................................
12. Type of Reporting Person:
CO
SCHEDULE 13G
CUSIP No.: 64015Y104 Page 3 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CHESAPEAKE PARTNERS LIMITED PARTNERSHIP
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Maryland
................................................................................
Number of 5. Sole Voting Power 0
Shares .............................................................
Beneficially 6. Shared Voting Power 1,284,390
Owned by Each .............................................................
Reporting 7. Sole Dispositive Power 0
Person With .............................................................
8. Shared Dispositive Power 1,284,390
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,284,390
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
2.9% based on 44,121,407 shares outstanding as of February 4, 2005.
................................................................................
12. Type of Reporting Person:
PN
SCHEDULE 13G
CUSIP No.: 64015Y104 Page 4 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CHESAPEAKE PARTNERS INSTITUTIONAL FUND LIMITED PARTNERSHIP
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Maryland
................................................................................
Number of 5. Sole Voting Power 0
Shares .............................................................
Beneficially 6. Shared Voting Power 0
Owned by Each .............................................................
Reporting 7. Sole Dispositive Power 0
Person With .............................................................
8. Shared Dispositive Power 0
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.0% based on 44,121,407 shares outstanding as of February 4, 2005.
................................................................................
12. Type of Reporting Person:
PN
SCHEDULE 13G
CUSIP No.: 64015Y104 Page 5 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
CHESAPEAKE PARTNERS INTERNATIONAL LTD.
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Cayman Islands, British West Indies
................................................................................
Number of 5. Sole Voting Power 0
Shares .............................................................
Beneficially 6. Shared Voting Power 1,027,803
Owned by Each .............................................................
Reporting 7. Sole Dispositive Power 0
Person With .............................................................
8. Shared Dispositive Power 1,027,803
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,027,803
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
2.3% based on 44,121,407 shares outstanding as of February 4, 2005.
................................................................................
12. Type of Reporting Person:
CO
SCHEDULE 13G
CUSIP No.: 64015Y104 Page 6 of 13 Pages
................................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
BARCLAYS GLOBAL INVESTORS EVENT DRIVEN FUND II
................................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
................................................................................
3. SEC Use Only
................................................................................
4. Citizenship or Place of Organization
Ireland
................................................................................
Number of 5. Sole Voting Power 0
Shares .............................................................
Beneficially 6. Shared Voting Power 83,100
Owned by Each .............................................................
Reporting 7. Sole Dispositive Power 0
Person With .............................................................
8. Shared Dispositive Power 83,100
................................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
83,100
................................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[X]
................................................................................
11. Percent of Class Represented by Amount in Row (9)
0.2% based on 44,121,407 shares outstanding as of February 4, 2005.
................................................................................
12. Type of Reporting Person:
CO
Page 7 of 13 Pages
Item 1(a) Name of Issuer:
NeighborCare, Inc. (the "Issuer")
Item 1(b) Address of Issuer's Principal Executive Offices:
601 East Pratt Street, 3rd Floor, Baltimore, MD 21202
Item 2(a) Name of Person Filing
This Statement is filed on behalf of each of the following
persons (collectively, the "Reporting Persons"):
i) Chesapeake Partners Management Co., Inc. ("CPMC");
ii) Chesapeake Partners Limited Partnership ("CPLP");
iii) Chesapeake Partners Institutional Fund Limited Partnership
("CPIFLP");
iv) Chesapeake Partners International Ltd. ("CPINTL"); and
v) Barclays Global Investors Event Driven Fund II
("Barclays").
This Statement relates to Shares (as defined herein) held, or
formerly held, for the accounts of each of CPLP, CPIFLP and CPINTL. CPMC serves
as investment manager to each of CPLP, CPIFLP and CPINTL. CPMC also serves as
investment manager to Barclays, pursuant to a sub-advisory agreement between
CPMC and Barclays. In such capacities, CPMC may be deemed to have voting and
investment power over the Shares held for each of CPLP, CPIFLP, CPINTL and
Barclays.
Item 2(b) Address of Principal Business Office or, if 0, Residence
The address of the principal business office of each of CPMC,
CPLP and CPIFLP is 1829 Reisterstown Road, Suite 420, Baltimore, Maryland 21208.
The address of the principal business office of CPINTL is c/o Goldman Sachs
Cayman Trust, Harbour Centre, Mary Street, 2nd Floor, P.O. Box 896 GT, Grand
Cayman, Cayman Islands, BWI. The address of the principal business office of
Barclays is Abbey Court, Block C, Irish Life Center, Lower Abbey Street, Dublin,
Ireland.
Item 2(c) Citizenship
i) CPMC is a Maryland corporation;
ii) CPLP is a Maryland limited partnership;
iii) CPIFLP is a Maryland limited partnership;
iv) CPINTL is a Cayman Islands exempted company; and
v) Barclays is an Irish corporation.
Item 2(d) Title of Class of Securities:
Common Stock, par value $.02 per share (the "Shares").
Page 8 of 13 Pages
Item 2(e) CUSIP Number:
64015Y104
Item 3 If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4 Ownership:
Item 4(a) Amount Beneficially Owned:
As of February 8, 2005:
(i) CPMC may be deemed to be the beneficial owner of 2,395,293
Shares. This amount consists of (A) 1,284,390 Shares held for the account of
CPLP, (B) 1,027,803 Shares held for the account of CPINTL, and (C) 83,100 Shares
held for the account of Barclays.
(ii) CPLP may be deemed to be the beneficial owner of 1,284,390
Shares held for its account.
(iii) CPIFLP may no longer be deemed to be the beneficial owner
of any Shares.
(iv) CPINTL may be deemed to be the beneficial owner of 1,027,803
Shares held for its account.
(v) Barclays may be deemed to be the beneficial owner of 83,100
Shares held for its account.
Item 4(b) Percent of Class:
(i) The number of Shares of which CPMC may be deemed to be the
beneficial owner constitutes approximately 5.4% of the total number of Shares
outstanding (based upon information provided by the Issuer in its most
recently-filed quarterly statement on Form 10-Q, there were 44,121,407 Shares
outstanding as of February 4, 2005).
(ii) The number of Shares of which CPLP may be deemed to be the
beneficial owner constitutes approximately 2.9% of the total number of Shares
outstanding.
(iii) The number of Shares of which CPIFLP may be deemed to be
the beneficial owner constitutes 0.0% of the total number of Shares outstanding.
(iv) The number of Shares of which CPINTL may be deemed to be the
beneficial owner constitutes 2.3% of the total number of Shares outstanding.
(v) The number of Shares of which Barclays may be deemed to be
the beneficial owner constitutes 0.2% of the total number of Shares outstanding.
Page 9 of 13 Pages
Item 4(c) Number of Shares of which such person has:
CPMC:
-----
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 2,395,293
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 2,395,293
CPLP:
-----
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,284,390
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 1,284,390
CPIFLP:
-------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 0
CPINTL:
-------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,027,803
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 1,027,803
Barclays:
---------
(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 83,100
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 83,100
Item 5 Ownership of Five Percent or Less of a Class:
As of the date hereof, each of CPLP, CPIFLP, CPINTL and Barclays
may no longer be deemed to be the beneficial owner of more than five percent of
the Shares.
Page 10 of 13 Pages
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group:
This Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that, to
the best of their 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 that purpose or effect.
Page 11 of 13 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: February 14, 2005 CHESAPEAKE PARTNERS MANAGEMENT CO., INC.
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS LIMITED PARTNERSHIP
By: Chesapeake Partners Management Co., Inc.
As General Partner
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS INSTITUTIONAL FUND LIMITED
PARTNERSHIP
By: Chesapeake Partners Management Co., Inc.
As General Partner
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS INTERNATIONAL LTD.
By: Chesapeake Partners Management Co., Inc.
As Investment Manager
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 BARCLAYS GLOBAL INVESTORS EVENT DRIVEN FUND II
By: Chesapeake Partners Management Co., Inc.
As Investment Manager
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Page 12 of 13 Pages
EXHIBIT INDEX
Ex. Page No.
--- --------
A. Joint Filing Agreement, dated February 14, 2005 by and among
Chesapeake Partners Management Co., Inc., Chesapeake Partners
Limited Partnership, Chesapeake Partners Institutional Fund
Limited Partnership, Chesapeake Partners International Ltd.,
and Barclays Global Investors Event Driven Fund II.............. 13
Page 13 of 13 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Gentek Inc. dated as of February 14, 2005 is, and
any amendments thereto (including amendments on Schedule 13D) signed by each of
the undersigned shall be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
Date: February 14, 2005 CHESAPEAKE PARTNERS MANAGEMENT CO., INC.
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS LIMITED PARTNERSHIP
By: Chesapeake Partners Management Co., Inc.
As General Partner
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS INSTITUTIONAL FUND LIMITED
PARTNERSHIP
By: Chesapeake Partners Management Co., Inc.
As General Partner
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 CHESAPEAKE PARTNERS INTERNATIONAL LTD.
By: Chesapeake Partners Management Co., Inc.
As Investment Manager
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President
Date: February 14, 2005 BARCLAYS GLOBAL INVESTORS EVENT DRIVEN FUND II
By: Chesapeake Partners Management Co., Inc.
As Investment Manager
By: /s/ Mark D. Lerner
------------------------------------------
Name: Mark D. Lerner
Title: Vice President