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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 2)
CRESUD SOCIEDAD ANONIMA COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA
CRESUD INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE 1.00 PESO PER SHARE
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(Title of class of securities)
226406106
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(CUSIP number)
JOSEPH A. ORLANDO
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
WITH A COPY TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
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(Name, address and telephone number of person authorized to
receive notices and communications)
MAY 9, 2006
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 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. The information required on the
remainder of this cover page shall not be deemed to be "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section of the Exchange Act but
shall be subject to all other provisions of the Exchange Act.
(Continued on following pages)
(Page 1 of 5 pages)
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CUSIP No. 226406106 13D
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1 NAME OF REPORTING PERSON: Nead Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (see Item 2) (a) [x]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ----------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: -0-
------------------- ---------------------------------------------------------------------------------------------------- ---------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------- ---------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
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14 TYPE OF REPORTING PERSON: CO
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2
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CUSIP No. 226406106 13D
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------------------- -------------------------------------------------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON: Leucadia National Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------- ---------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (see Item 2) (a) [x]
(b) [_]
------------------- --------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------- ---------------------------------------------------------------------------------------------------- ---------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ----------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
------- -------------------------------------------- ----------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ----------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
------------------- --------------------------------------------------------------- ----------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: -0-
------------------- ---------------------------------------------------------------------------------------------------- ---------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------- ---------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
------------------- -------------------------------------------------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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3
Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 2 to the Statement on
Schedule 13D (the "Schedule 13D") filed by Leucadia National Corporation
("Leucadia") and its subsidiary, Nead Corporation ("Nead" and together with
Leucadia, the "Beneficial Owners") relating to the common stock, par value 1.00
Peso per share (the "Cresud Common Stock"), of Cresud Sociedad Anonima
Comercial, Inmobiliaria, Financiera y Agropecuaria, an Argentine corporation
("Cresud"). The address of the principal executive office of Cresud is Av.
Hipolito Yrigoyen 440, 3rd floor, (C1086 AAF) Buenos Aires, Argentina. Unless
otherwise indicated, all capitalized terms used herein have the meaning ascribed
to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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(a) As of May 9, 2006, after giving effect to the transaction
described in Item 5(c) below, neither of the Beneficial Owners, and to the best
knowledge of the Beneficial Owners, none of the other persons identified
pursuant to Item 2 above, beneficially owns any shares of Cresud Common Stock.
(b) Item 5(a) is incorporated herein by reference.
(c) On May 9, 2006, Nead sold Units representing 35,837,616
shares of Cresud Common Stock in a private transaction for an aggregate sale
price of $52,689,620 (approximately $1.47 per share of Cresud Common Stock on an
"as converted" basis).
(d) Not applicable.
(e) On May 9, 2006, upon consummation of the transaction
described in Item 5(c) above, the Beneficial Owners ceased to be the beneficial
owners of more than five percent of the Cresud Common Stock.
Item 7. Material to be Filed as Exhibits.
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1. Agreement among the Beneficial Owners with respect to
the filing of this Amendment No. 2 to Schedule 13D.
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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.
Dated: May 11, 2006
NEAD CORPORATION
BY: /s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: Vice President
LEUCADIA NATIONAL CORPORATION
BY: /s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: Vice President and
Chief Financial Officer
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