Exide Technologies fka EXTC

[BaGr]

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Learn Why Northwestern Mutual Life Insurance Co Just Opened Huge Exide Technologies Position
05/13/2015 BY OCTASTAFF IN SEC 13G & 13D FILINGS
Northwestern Mutual Life Insurance Co New Position in Exide Technologies

Northwestern Mutual Life Insurance Co has filled a SC 13D form regarding Exide Technologies . Per Northwestern Mutual Life Insurance Co’s filing, the filler now owns 23.66% of the company, holding 2,364,846 shares.

Exide Technologies is a newly disclosed equity position for this institutional investor and the filing was required due to activity on April 30, 2015. This most probably shows Northwestern Mutual Life Insurance Co’s confidence and optimism in the future of the company.
Why Northwestern Mutual Life Insurance Co Bought Exide Technologies

Item 4. Purpose of Transaction

The Reporting Person acquired the Subject Shares (as described above in Item 3) for investment purposes in the ordinary course of business. Currently, the Reporting Person is party to the Stockholders Agreement (as defined in Item 6, below).

The Reporting Person intends to regularly review its investment in the Issuer. Based on such review, as well as other factors (including, among other things, their evaluation of the Issuer’s business, prospects and financial condition, the market price for the Issuer’s securities, other opportunities available to them and general market, industry and economic conditions), the Reporting Person, and/or other persons affiliated with it, may, and reserve the right to, engage in discussions with management and the board of directors of the Issuer (the “

Board of Directors

”) and other holders of the Shares, concerning the business (including, without limitation, the Issuer’s assets and capital structure) and the future plans of the Issuer, and with regard to strategies and potential transactions to maximize shareholder value, change their intentions, acquire additional securities of the Issuer, or sell some or all of their Subject Shares, on the open market, in privately negotiated transactions or otherwise.

CUSIP No. 302051206

SCHEDULE 13D
Page4 of 7

The Reporting Person may formulate plans or proposals for, and may from time to time explore, or make proposals relating to, transactions or actions which relate to or would result in any of the matters specified in clauses (a) through (j) of Item 4 of Schedule 13D, and the exercise of the Reporting Person’s rights under the Stockholders Agreement may result in (a) the acquisition or disposition of securities of the Issuer as a result of customary tag-along and drag-along provisions (as described in Item 6, below), (d) a change in the present Board of Directors pursuant to provisions relating to the designation of members of the Board of Directors (as described in Item 6, below) and (g) actions that impede the acquisition of control of the Issuer by any person due to the various limitations on actions by the parties to the Stockholder Agreement with respect to their Shares.

On May 1, 2015, the Issuer filed a Form 15 for the de-registration of the Shares under the Securities Exchange Act of 1934, as amended (the “

Exchange Act

”). Such deregistration will take effect on July 30, 2015.

Company Profile

Exide Technologies is engaged in stored electrical energy solutions, and is a manufacturer and supplier of lead-acid batteries for transportation and industrial applications across the world. Exide operates in four business segments: Transportation Americas, Transportation Europe and ROW, Industrial Energy Americas, and Industrial Energy Europe and ROW. The Company’s transportation batteries include starting lighting and ignition (SLI) batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine and other applications including Micro-hybrids. The Company’s Industrial Energy segments supply both motive power and network power applications. Motive power batteries are used in the material handling industry for electric forklift trucks, and in other industries, including floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and the electric road vehicles market.

Form 13D is SEC filing that must be submitted within 10 days, by anyone who acquires beneficial ownership of more than 5% of any publicly traded securities. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing. These filings may be a precursor to hostile takeovers, company breakups, and other “change of control” events.



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