UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
Buckeye Technologies Inc.
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(Name of Issuer)
Common
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(Title of Class of Securities)
118255108
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(CUSIP Number)
June 30, 2007
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[x] Rule 13d-1(b)
[ ] 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).
PAGE 1 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NWQ Investment Management Company, LLC 47-0875103
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
N/A
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware - U.S.A.
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5 SOLE VOTING POWER
1,347,768
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 1,600,218
-----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,600,218
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.21%
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12 TYPE OF REPORTING PERSON*
IA
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NOTE:
NWQ Investment Management Company LLC ("NWQ") previously reported beneficial
ownership positions for securities that were subject to voting and investment
discretion exercised by NWQ and Tradewinds Global Investors LLC ("Tradewinds"),
an affiliate. Tradewinds was formed as a legal entity in the fourth quarter of
2005 and commenced operation in 2006. Since that time, the two firms worked to
achieve operational separation of their investment management and proxy voting
functions, which separation was completed as of June 30, 2007. Accordingly, this
filing is being made to report NWQ's beneficial ownership of the Issuer's
securities independently from that of Tradewinds.
Both NWQ and Tradewinds are wholly owned subsidiaries of Nuveen Investments,
Inc. ("Nuveen"), a parent company with several subsidiaries engaged in the
investment management business. Nuveen has adopted internal operating policies
to ensure that investment management and voting decisions are made independently
by investment personnel at its investment management subsidiaries. Accordingly,
hereafter NWQ and Tradewinds (like Nuveen's other investment management
subsidiaries) anticipate independently reporting beneficial ownership of
securities pursuant to Section 13(d) of the Exchange Act of 1934, as amended,
and Regulation 13D/G thereunder.
PAGE 2 OF 4 PAGES
Item 1(a) Name of Issuer:
Buckeye Technologies Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
1001 Tillman Street
Memphis, TN 38112
United States
Item 2(a) Name of Person Filing:
NWQ Investment Management Company, LLC
Item 2(b) Address of the Principal Office or, if none, Residence:
2049 Century Park East, 16th Floor
Los Angeles, CA 90067
Item 2(c) Citizenship:
Delaware - U.S.A.
Item 2(d) Title of Class of Securities:
Common
Item 2(e) CUSIP Number:
118255108
Item 3 If the Statement is being filed pursuant to Rule
13d-1(b), or 13d-2(b), check whether the person filing
is a:
(e) [X] An investment advisor in accordance with
section 240.13d-1(b)(1)(ii)(E)
Item 4 Ownership:
(a) Amount Beneficially Owned:
1,600,218
(b) Percent of Class:
4.21%
PAGE 3 OF 4 PAGES
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 1,347,768
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or to direct the disposition
of: 1,600,218
(iv) shared power to dispose or to direct the
disposition of:
0
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 five percent of the
class of securities, check the following [X].
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:
Not applicable.
Item 8 Identification and Classification of Members of the
Group:
Not applicable.
Item 9 Notice of Dissolution of a Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired and are held in the ordinary course of
business and 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 such securities and were
were not acquired in connection with or as a participant
in any transaction having such purpose or effect.
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: July 6, 2007
NWQ Investment Management Company, LLC
By: /S/ Jon D. Bosse
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Name: Jon D. Bosse, CFA
Title: Chief Investment Officer
PAGE 4 OF 4 PAGES