Correspondence 0001104659-24-051329 from Smurfit Westrock plc (SW)
Smurfit Westrock plc
Date: April 24, 2024 · CIK: 0002005951 · Accession: 0001104659-24-051329
AI Filing Summary & Sentiment
File numbers found in text: 333-278185
Referenced dates: April 22, 2024, March 13, 2024
Letter
Via EDGAR and Courier Division of Corporation Finance Office of Manufacturing Re: Smurfit WestRock Limited Registration Statement on Form S-4 Filed April 11, 2024 File No. 333-278185
Dear Ms. O’Shanick and Ms. Purnell:
On behalf of our client, Smurfit WestRock Limited (the “Company”), set forth below is the response of the Company to the comments of the Staff of the Division of Corporation Finance (the “Staff”) that were set forth in your letter dated April 22, 2024, regarding Amendment No. 1 to the Company’s registration statement on Form S-4 (the “Registration Statement”) filed with the Securities and Exchange Commission on April 11, 2024. In connection with this letter responding to the Staff’s comments, the Company is today filing Amendment No. 2 to the Registration Statement (the “Amendment No. 2”).
For your convenience, the Staff’s comments are set forth in bold, followed by the response on behalf of the Company. All page references in the response set forth below refer to pages of the Amendment No. 2.
Risk Factors
Risks Relating to WestRock’s Business, page 66
1. We note your response to prior comment 1. Based on your anticipated timing, please revise the proxy statement/prospectus to include the disclosure provided in response to comment 5 of our letter dated March 13, 2024.
Response: The Company respectfully advises the Staff that it has revised the disclosure on page 66 of the Registration Statement in response to the Staff’s comment.
Material U.S. Federal Income and Irish Tax Considerations
Tax Consequences of the Combination
Smurfit Kappa Share Exchange, page 158
2. We note that you have filed a short form tax opinion as Exhibit 8.1. Please revise to state clearly that the disclosure in this section of the proxy statement/prospectus is the opinion of the named counsel. For more information, please refer to Section III.B.2. of Staff Legal Bulletin No. 19.
Response: The Company respectfully advises the Staff that it has revised the disclosure on page 158 of the Registration Statement in response to the Staff’s comment.
General
3. Please ensure that all missing information is provided in the next amendment, including the disclosure in the sections “Description of Smurfit WestRock Shares and the Smurfit WestRock Constitution” and “Comparison of the Rights of Holders of WestRock Stock and Smurfit WestRock Shares.”
Response: The Company respectfully advises the Staff that it has revised the disclosure throughout the Registration Statement to include all previously missing information in response to the Staff’s comment, including on pages 282-294 and pages 295-317 of the Registration Statement.
* * * * * *
If you have any questions concerning the Registration Statement, Amendment No. 2 or this letter, please do not hesitate to contact me at (212) 403-1005 or VGoldfeld@wlrk.com.
Sincerely yours,
/s/ Victor Goldfeld
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MARTIN LIPTON
HERBERT M. WACHTELL
EDWARD D. HERLIHY
DANIEL A. NEFF
STEVEN A. ROSENBLUM
JOHN F. SAVARESE
SCOTT K. CHARLES
JODI J. SCHWARTZ
ADAM O. EMMERICH
RALPH M. LEVENE
RICHARD G. MASON
ROBIN PANOVKA
DAVID A. KATZ
ILENE KNABLE GOTTS
TREVOR S. NORWITZ
ANDREW J. NUSSBAUM
RACHELLE SILVERBERG
STEVEN A. COHEN
DEBORAH L. PAUL
DAVID C. KARP
RICHARD K. KIM
JOSHUA R. CAMMAKER
MARK GORDON
JEANNEMARIE O’BRIEN
WAYNE M. CARLIN
STEPHEN R. DiPRIMA
NICHOLAS G. DEMMO
IGOR KIRMAN
JONATHAN M. MOSES
T. EIKO STANGE
WILLIAM SAVITT
GREGORY E. OSTLING
DAVID B. ANDERS
ADAM J. SHAPIRO
NELSON O. FITTS
JOSHUA M. HOLMES
DAVID E. SHAPIRO
DAMIAN G. DIDDEN
IAN BOCZKO
MATTHEW M. GUEST
DAVID E. KAHAN
DAVID K. LAM
BENJAMIN M. ROTH
JOSHUA A. FELTMAN
51
WEST 52ND STREET
NEW
YORK, N.Y. 10019-6150
TELEPHONE:
(212) 403-1000
FACSIMILE:
(212) 403-2000
___________
ELAINE P. GOLIN
EMIL A. KLEINHAUS
KARESSA L. CAIN
RONALD C. CHEN
BRADLEY R. WILSON
GRAHAM W. MELI
GREGORY E. PESSIN
CARRIE M. REILLY
MARK F. VEBLEN
SARAH K. EDDY
VICTOR GOLDFELD
RANDALL W. JACKSON
BRANDON C. PRICE
KEVIN S. SCHWARTZ
MICHAEL S. BENN
ALISON Z. PREISS
TIJANA J. DVORNIC
JENNA E. LEVINE
RYAN A. McLEOD
ANITHA REDDY
JOHN L. ROBINSON
JOHN R. SOBOLEWSKI
STEVEN WINTER
EMILY D. JOHNSON
JACOB A. KLING
RAAJ S. NARAYAN
VIKTOR SAPEZHNIKOV
MICHAEL J. SCHOBEL
ELINA TETELBAUM
ERICA E. AHO
LAUREN M. KOFKE
ZACHARY S. PODOLSKY
RACHEL B. REISBERG
MARK A. STAGLIANO
CYNTHIA
FERNANDEZ LUMERMANN
CHRISTINA C. MA
NOAH B. YAVITZ
BENJAMIN S. ARFA
NATHANIEL D. CULLERTON
ERIC M. FEINSTEIN
ADAM L. GOODMAN
STEVEN R. GREEN
MENG LU
GEORGE
A. KATZ (1965–1989)
JAMES
H. FOGELSON (1967–1991)
LEONARD
M. ROSEN (1965–2014)
___________
OF
COUNSEL
ANDREW R. BROWNSTEIN
MICHAEL H. BYOWITZ
KENNETH B. FORREST
BEN M. GERMANA
SELWYN B. GOLDBERG
PETER C. HEIN
JB KELLY
JOSEPH D. LARSON
LAWRENCE S. MAKOW
PHILIP MINDLIN
THEODORE N. MIRVIS
DAVID S. NEILL
HAROLD S. NOVIKOFF
ERIC S. ROBINSON
ERIC M. ROSOF
MICHAEL J. SEGAL
WON S. SHIN
DAVID M. SILK
ROSEMARY SPAZIANI
ELLIOTT V. STEIN
LEO E. STRINE, JR.*
PAUL VIZCARRONDO, JR.
JEFFREY M. WINTNER
AMY R. WOLF
MARC WOLINSKY
*
ADMITTED IN DELAWARE
___________
COUNSEL
DAVID M. ADLERSTEIN
SUMITA AHUJA
FRANCO CASTELLI
ANDREW J.H. CHEUNG
PAMELA EHRENKRANZ
ALINE R. FLODR
KATHRYN GETTLES-ATWA
ADAM M. GOGOLAK
ANGELA K. HERRING
MICHAEL W. HOLT
MARK A. KOENIG
CARMEN X.W. LU
J. AUSTIN LYONS
ALICIA C. McCARTHY
JUSTIN R. ORR
NEIL M. SNYDER
JEFFREY A. WATIKER
Direct
Dial: (212) 403-1005
Direct
Fax: (212) 403-2005
E-Mail:
VGoldfeld@wlrk.com
April 24, 2024
Via EDGAR and Courier
Jenny O’Shanick
Erin Purnell
Division of Corporation Finance
Office of Manufacturing
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Re: Smurfit WestRock Limited
Registration Statement on Form S-4
Filed April 11, 2024
File No. 333-278185
Dear Ms. O’Shanick and Ms. Purnell:
On behalf of our client, Smurfit WestRock Limited
(the “Company”), set forth below is the response of the Company to the comments of the Staff of the Division of Corporation
Finance (the “Staff”) that were set forth in your letter dated April 22, 2024, regarding Amendment No. 1 to the Company’s
registration statement on Form S-4 (the “Registration Statement”) filed with the Securities and Exchange Commission
on April 11, 2024. In connection with this letter responding to the Staff’s comments, the Company is today filing Amendment No.
2 to the Registration Statement (the “Amendment No. 2”).
For your convenience, the Staff’s comments
are set forth in bold, followed by the response on behalf of the Company. All page references in the response set forth below refer to
pages of the Amendment No. 2.
Risk Factors
Risks Relating to WestRock’s Business, page 66
1. We note your response to prior comment 1. Based on your anticipated timing, please revise the proxy statement/prospectus to include
the disclosure provided in response to comment 5 of our letter dated March 13, 2024.
Response: The Company respectfully
advises the Staff that it has revised the disclosure on page 66 of the Registration Statement in response to the Staff’s comment.
Material U.S. Federal Income and Irish Tax
Considerations
Tax Consequences of the Combination
Smurfit Kappa Share Exchange, page 158
2. We note that you have filed a short form tax opinion as Exhibit 8.1. Please revise to state clearly that the disclosure in this
section of the proxy statement/prospectus is the opinion of the named counsel. For more information, please refer to Section III.B.2.
of Staff Legal Bulletin No. 19.
Response: The Company respectfully
advises the Staff that it has revised the disclosure on page 158 of the Registration Statement in response to the Staff’s comment.
General
3. Please ensure that all missing information is provided in the next amendment, including the disclosure in the sections “Description
of Smurfit WestRock Shares and the Smurfit WestRock Constitution” and “Comparison of the Rights of Holders of WestRock Stock
and Smurfit WestRock Shares.”
Response: The Company respectfully
advises the Staff that it has revised the disclosure throughout the Registration Statement to include all previously missing information
in response to the Staff’s comment, including on pages 282-294 and pages 295-317 of the Registration Statement.
* * * * * *
If you have any questions
concerning the Registration Statement, Amendment No. 2 or this letter, please do not hesitate to contact me at (212) 403-1005 or
VGoldfeld@wlrk.com.
Sincerely yours,
/s/ Victor Goldfeld
Victor Goldfeld
cc: Gillian Carson-Callan, Smurfit WestRock Limited
Andrew R. Brownstein, Wachtell, Lipton,
Rosen & Katz
Igor Kirman, Wachtell, Lipton, Rosen &
Katz
Denise R. Singleton, WestRock Company
Scott A. Barshay, Paul, Weiss, Rifkind,
Wharton & Garrison LLP
Laura C. Turano, Paul, Weiss, Rifkind,
Wharton & Garrison LLP