The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned (the “Amendment No. 2”). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein.
Item 4.
|
Purpose of Transaction.
|
Item 4 is hereby amended to add the following:
On July 1, 2015, pursuant to that certain Second Amended and Restated Business Combination Agreement, dated as of April 17, 2015, as amended on May 5, 2015 (the “Business Combination Agreement”), by and among the Issuer, WestRock Company (formerly known as Rome-Milan Holdings, Inc.), a Delaware corporation (“WestRock”), Rock-Tenn Company, a Georgia corporation, Rome Merger Sub, Inc., a Georgia corporation and wholly owned subsidiary of WestRock, and Milan Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of WestRock (“MWV Merger Sub”), MWV Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as a wholly owned subsidiary of WestRock (the “Merger”). Effective as of the close of business on July 1, 2015, each Share owned by the Reporting Persons was converted into 0.78 shares of common stock of WestRock pursuant to the Business Combination Agreement. Accordingly, as a result of the Merger, the Reporting Persons own less than 5% of the outstanding shares of WestRock and no longer beneficially own any securities of the Issuer.
Item 5.
|
Interest in Securities of the Issuer.
|
Items 5(a)-(e) are hereby amended and restated to read as follows:
(a)-(b) Effective as of the close of business on July 1, 2015, as a result of the Merger, each Share owned by the Reporting Persons was converted into 0.78 shares of common stock of WestRock pursuant to the Business Combination Agreement. Accordingly, the Reporting Persons no longer beneficially own any securities of the Issuer.
(c) The transactions in the Shares by the Reporting Persons during the past sixty (60) days are set forth in Schedule A and are incorporated herein by reference.
(d) Not applicable.
(e) As of the close of business on July 1, 2015, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares of the Issuer.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: July 2, 2015
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD
By: Starboard Value LP,
its investment manager
STARBOARD VALUE AND OPPORTUNITY S LLC
By: Starboard Value LP,
its manager
STARBOARD VALUE AND OPPORTUNITY C LP
By: Starboard Value R LP,
its general partner
STARBOARD VALUE R LP
By: Starboard Value R GP LLC,
its general partner
STARBOARD LEADERS BRAVO LLC
By: Starboard Value A LP,
its managing member
STARBOARD LEADERS FUND LP
By: Starboard Value A LP,
its general partner
|
|
STARBOARD VALUE A LP
By: Starboard Value A GP LLC,
its general partner
STARBOARD VALUE LP
By: Starboard Value GP LLC,
its general partner
STARBOARD VALUE GP LLC
By: Starboard Principal Co LP,
its member
STARBOARD PRINCIPAL CO LP
By: Starboard Principal Co GP LLC,
its general partner
STARBOARD PRINCIPAL CO GP LLC
STARBOARD VALUE A GP LLC
STARBOARD VALUE R GP LLC
|
By:
|
|
|
Name:
|
Jeffrey C. Smith
|
|
Title:
|
Authorized Signatory
|
|
|
|
JEFFREY C. SMITH
|
Individually and as attorney-in-fact for Mark R. Mitchell, Peter A. Feld, Steven J. Klinger and George W. Wurtz, III
|
SCHEDULE A
Transactions in the Shares During the Past Sixty Days
Nature of the Transaction
|
Amount of Securities
Purchased/(Sold)
|
Price Per
Security ($)
|
Date of
Purchase/Sale
|
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD
Purchase of Cash-Settled Total Return Swap
|
100,000
|
49.6802
|
05/01/2015
|
Purchase of Cash-Settled Total Return Swap
|
65,600
|
47.9948
|
05/05/2015
|
Purchase of Cash-Settled Total Return Swap
|
1,045,059
|
50.7100
|
05/18/2015
|
Sale of Cash-Settled Total
Return Swap
|
(56,164)
|
50.7100
|
05/18/2015
|
Sale of Cash-Settled Total
Return Swap
|
(988,895)
|
50.7100
|
05/18/2015
|
Sale of Common Stock
|
(37,036)
|
50.9774
|
05/19/2015
|
Sale of Common Stock
|
(25,542)
|
51.1100
|
05/19/2015
|
Sale of Common Stock
|
(65,133)
|
51.0992
|
05/19/2015
|
Sale of Common Stock
|
(25,542)
|
51.1873
|
05/20/2015
|
Sale of Common Stock
|
(38,313)
|
51.2126
|
05/20/2015
|
Sale of Common Stock
|
(25,542)
|
51.1488
|
05/21/2015
|
Sale of Common Stock
|
(51,084)
|
51.5766
|
05/22/2015
|
Sale of Common Stock
|
(25,542)
|
51.4477
|
05/22/2015
|
Sale of Common Stock
|
(51,084)
|
51.3514
|
05/26/2015
|
Sale of Common Stock
|
(25,542)
|
51.2387
|
05/26/2015
|
Sale of Cash-Settled Total
Return Swap
|
(63,856)
|
51.3689
|
05/27/2015
|
Sale of Cash-Settled Total
Return Swap
|
(38,313)
|
51.3314
|
05/28/2015
|
Sale of Cash-Settled Total
Return Swap
|
(89,398)
|
50.9901
|
05/29/2015
|
Purchase of Cash-Settled Total Return Swap
|
217,812
|
48.8461
|
06/04/2015
|
Purchase of Cash-Settled Total Return Swap
|
18,151
|
49.4448
|
06/05/2015
|
Purchase of Cash-Settled Total Return Swap
|
18,151
|
49.3619
|
06/09/2015
|
Sale of Cash-Settled Total
Return Swap
|
(26,270)
|
50.6557
|
06/19/2015
|
Purchase of Cash-Settled Total Return Swap
|
18,151
|
48.4897
|
06/22/2015
|
Purchase of Cash-Settled Total Return Swap
|
71,864
|
47.6060
|
06/29/2015
|
Purchase of Cash-Settled Total Return Swap
|
215,593
|
47.5611
|
06/30/2015
|
Purchase of Cash-Settled Total Return Swap
|
36,730
|
47.9840
|
07/01/2015
|
STARBOARD VALUE AND OPPORTUNITY S LLC
Purchase of Common Stock
|
12,000
|
47.9948
|
05/05/2015
|
Sale of Common Stock
|
(7,361)
|
50.9774
|
05/19/2015
|
Sale of Common Stock
|
(5,077)
|
51.1100
|
05/19/2015
|
Sale of Common Stock
|
(12,946)
|
51.0992
|
05/19/2015
|
Sale of Common Stock
|
(5,077)
|
51.1873
|
05/20/2015
|
Sale of Common Stock
|
(7,615)
|
51.2126
|
05/20/2015
|
Sale of Common Stock
|
(5,077)
|
51.1488
|
05/21/2015
|
Sale of Common Stock
|
(10,154)
|
51.5766
|
05/22/2015
|
Sale of Common Stock
|
(5,077)
|
51.4477
|
05/22/2015
|
Sale of Common Stock
|
(10,154)
|
51.3514
|
05/26/2015
|
Sale of Common Stock
|
(5,077)
|
51.2387
|
05/26/2015
|
Sale of Common Stock
|
(12,692)
|
51.3689
|
05/27/2015
|
Sale of Common Stock
|
(7,615)
|
51.3314
|
05/28/2015
|
Sale of Common Stock
|
(17,768)
|
50.9901
|
05/29/2015
|
Purchase of Common Stock
|
36,408
|
48.8461
|
06/04/2015
|
Purchase of Common Stock
|
3,034
|
49.4448
|
06/05/2015
|
Purchase of Common Stock
|
3,034
|
49.3619
|
06/09/2015
|
Sale of Common Stock
|
(5,144)
|
50.6557
|
06/19/2015
|
Purchase of Common Stock
|
3,034
|
48.4897
|
06/22/2015
|
Purchase of Common Stock
|
12,013
|
47.6060
|
06/29/2015
|
Purchase of Common Stock
|
36,039
|
47.5611
|
06/30/2015
|
Purchase of Common Stock
|
5,741
|
47.9840
|
07/01/2015
|
STARBOARD VALUE AND OPPORTUNITY C LP
Purchase of Common Stock
|
6,600
|
47.9948
|
05/05/2015
|
Sale of Common Stock
|
(4,064)
|
50.9774
|
05/19/2015
|
Sale of Common Stock
|
(2,803)
|
51.1100
|
05/19/2015
|
Sale of Common Stock
|
(7,148)
|
51.0992
|
05/19/2015
|
Sale of Common Stock
|
(2,803)
|
51.1873
|
05/20/2015
|
Sale of Common Stock
|
(4,205)
|
51.2126
|
05/20/2015
|
Sale of Common Stock
|
(2,803)
|
51.1488
|
05/21/2015
|
Sale of Common Stock
|
(5,606)
|
51.5766
|
05/22/2015
|
Sale of Common Stock
|
(2,803)
|
51.4477
|
05/22/2015
|
Sale of Common Stock
|
(5,606)
|
51.3514
|
05/26/2015
|
Sale of Common Stock
|
(2,803)
|
51.2387
|
05/26/2015
|
Sale of Common Stock
|
(7,008)
|
51.3689
|
05/27/2015
|
Sale of Common Stock
|
(4,205)
|
51.3314
|
05/28/2015
|
Sale of Common Stock
|
(9,811)
|
50.9901
|
05/29/2015
|
Purchase of Common Stock
|
19,977
|
48.8461
|
06/04/2015
|
Purchase of Common Stock
|
1,665
|
49.4448
|
06/05/2015
|
Purchase of Common Stock
|
1,665
|
49.3619
|
06/09/2015
|
Sale of Common Stock
|
(2,839)
|
50.6557
|
06/19/2015
|
Purchase of Common Stock
|
1,665
|
48.4897
|
06/22/2015
|
Purchase of Common Stock
|
6,591
|
47.6060
|
06/29/2015
|
Purchase of Common Stock
|
19,773
|
47.5611
|
06/30/2015
|
Purchase of Common Stock
|
3,136
|
47.9840
|
07/01/2015
|
STARBOARD LEADERS BRAVO LLC
Purchase of Cash-Settled Total Return Swap
|
360,042
|
50.7100
|
05/18/2015
|
Sale of Cash-Settled Total
Return Swap
|
(360,042)
|
50.7100
|
05/18/2015
|
Sale of Common Stock
|
(50,797)
|
50.9774
|
05/19/2015
|
Sale of Common Stock
|
(35,032)
|
51.1100
|
05/19/2015
|
Sale of Common Stock
|
(89,332)
|
51.0992
|
05/19/2015
|
Sale of Common Stock
|
(35,032)
|
51.1873
|
05/20/2015
|
Sale of Common Stock
|
(52,548)
|
51.2126
|
05/20/2015
|
Sale of Common Stock
|
(35,032)
|
51.1488
|
05/21/2015
|
Sale of Common Stock
|
(70,064)
|
51.5766
|
05/22/2015
|
Sale of Common Stock
|
(35,032)
|
51.4477
|
05/22/2015
|
Sale of Common Stock
|
(70,064)
|
51.3514
|
05/26/2015
|
Sale of Common Stock
|
(35,032)
|
51.2387
|
05/26/2015
|
Sale of Cash-Settled Total
Return Swap
|
(87,580)
|
51.3689
|
05/27/2015
|
Sale of Cash-Settled Total
Return Swap
|
(52,549)
|
51.3314
|
05/28/2015
|
Sale of Cash-Settled Total
Return Swap
|
(122,611)
|
50.9901
|
05/29/2015
|
Purchase of Cash-Settled Total Return Swap
|
277,794
|
48.8461
|
06/04/2015
|
Purchase of Cash-Settled Total Return Swap
|
23,149
|
49.4448
|
06/05/2015
|
Purchase of Cash-Settled Total Return Swap
|
23,149
|
49.3619
|
06/09/2015
|
Sale of Cash-Settled Total
Return Swap
|
(35,794)
|
50.6557
|
06/19/2015
|
Purchase of Cash-Settled Total Return Swap
|
23,149
|
48.4897
|
06/22/2015
|
Purchase of Cash-Settled Total Return Swap
|
93,692
|
47.6060
|
06/29/2015
|
Purchase of Cash-Settled Total Return Swap
|
281,075
|
47.5611
|
06/30/2015
|
Purchase of Cash-Settled Total Return Swap
|
46,845
|
47.9840
|
07/01/2015
|
STARBOARD VALUE LP
(Through the Starboard Value LP Accounts)
Purchase of Common Stock
|
15,800
|
47.9948
|
05/05/2015
|
Sale of Common Stock
|
(45,742)
|
50.9774
|
05/19/2015
|
Sale of Common Stock
|
(31,546)
|
51.1100
|
05/19/2015
|
Sale of Common Stock
|
(80,441)
|
51.0992
|
05/19/2015
|
Sale of Common Stock
|
(31,546)
|
51.1873
|
05/20/2015
|
Sale of Common Stock
|
(47,319)
|
51.2126
|
05/20/2015
|
Sale of Common Stock
|
(31,546)
|
51.1488
|
05/21/2015
|
Sale of Common Stock
|
(63,092)
|
51.5766
|
05/22/2015
|
Sale of Common Stock
|
(31,546)
|
51.4477
|
05/22/2015
|
Sale of Common Stock
|
(63,092)
|
51.3514
|
05/26/2015
|
Sale of Common Stock
|
(31,546)
|
51.2387
|
05/26/2015
|
Sale of Common Stock
|
(78,864)
|
51.3689
|
05/27/2015
|
Sale of Common Stock
|
(47,318)
|
51.3314
|
05/28/2015
|
Sale of Common Stock
|
(110,412)
|
50.9901
|
05/29/2015
|
Purchase of Common Stock
|
48,009
|
48.8461
|
06/04/2015
|
Purchase of Common Stock
|
4,001
|
49.4448
|
06/05/2015
|
Purchase of Common Stock
|
4,001
|
49.3619
|
06/09/2015
|
Sale of Common Stock
|
(29,953)
|
50.6557
|
06/19/2015
|
Purchase of Common Stock
|
4,001
|
48.4897
|
06/22/2015
|
Sale of Common Stock
|
(93,100)
|
49.3127
|
06/24/2015
|
Purchase of Common Stock
|
15,840
|
47.6060
|
06/29/2015
|
Purchase of Common Stock
|
47,520
|
47.5611
|
06/30/2015
|
Purchase of Common Stock
|
7,548
|
47.9840
|
07/01/2015
|