-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BZHX0M10RkymbH1B2QxtmOfXMQYCnp2R58D4DbkBKwt+xAnjLxunAtyz5sshwuUq JWnEZ+h6f8OQTFMsjkT9FA== 0000902664-10-000922.txt : 20100218 0000902664-10-000922.hdr.sgml : 20100218 20100218122144 ACCESSION NUMBER: 0000902664-10-000922 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100218 DATE AS OF CHANGE: 20100218 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SMURFIT STONE CONTAINER CORP CENTRAL INDEX KEY: 0000919226 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 431531401 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43979 FILM NUMBER: 10615396 BUSINESS ADDRESS: STREET 1: 150 NORTH MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3123466600 MAIL ADDRESS: STREET 1: 150 NORTH MICHIGAN AVENUE CITY: CHICAGO STATE: IL ZIP: 60601 FORMER COMPANY: FORMER CONFORMED NAME: JEFFERSON SMURFIT CORP /DE/ DATE OF NAME CHANGE: 19941205 FORMER COMPANY: FORMER CONFORMED NAME: SIBV MS HOLDINGS INC DATE OF NAME CHANGE: 19940222 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIR TREE INC CENTRAL INDEX KEY: 0001056491 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 505 FIFTH AVENUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2123983500 MAIL ADDRESS: STREET 1: 505 FIFTH AVENUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 SC 13D/A 1 p10-0253sc13da.txt SMURFIT STONE CONTAINER CORP UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (AMENDMENT NO. 1) (Rule 13d-101) Under the Securities Exchange Act of 1934 SMURFIT-STONE CONTAINER CORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) common stock, $.01 par value per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 832727101 - ------------------------------------------------------------------------------- (CUSIP NUMBER) Jeffrey Tannenbaum 505 Fifth Avenue, 23rd Floor New York, New York 10017 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) - with copies to - Eleazer N. Klein, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, NY 10022 (212) 756-2000 February 16, 2010 - ------------------------------------------------------------------------------- (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 [ ] 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, as amended (the "Act"), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 8 - --------------------------------- CUSIP No. 832727101 13D/A - ---------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fir Tree Value Master Fund, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/x/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 ---------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 11,495,385 ---------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------- 10 SHARED DISPOSITIVE POWER 11,495,385 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,495,385 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (1) /x/ - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.48% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- (1) This filing does not reflect any shares of Common Stock (as defined herein) that may be deemed to be beneficially owned by the Reporting Persons (as defined herein) as a result of membership in a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, as discussed in Item 4, and the Reporting Persons expressly disclaim such membership. Page 2 of 8 - --------------------------------- CUSIP No. 832727101 13D/A - ---------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fir Tree Capital Opportunity Master Fund, L.P. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/x/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 ---------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 2,304,615 ---------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------- 10 SHARED DISPOSITIVE POWER 2,304,615 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,304,615 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (2) /x/ - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.89% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- (2) This filing does not reflect any shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons as a result of membership in a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, as discussed in Item 4, and the Reporting Persons expressly disclaim such membership. Page 3 of 8 - --------------------------------- CUSIP No. 832727101 13D/A - ---------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Fir Tree, Inc. - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/x/ - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 0 ---------------------------------------- OWNED BY EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 13,800,000 ---------------------------------------- 9 SOLE DISPOSITIVE POWER 0 ---------------------------------------- 10 SHARED DISPOSITIVE POWER 13,800,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,800,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (3) /x/ - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- (3) This filing does not reflect any shares of Common Stock that may be deemed to be beneficially owned by the Reporting Persons as a result of membership in a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, as discussed in Item 4, and the Reporting Persons expressly disclaim such membership. Page 4 of 8 SCHEDULE 13D This Amendment No. 1 (this "Amendment") amends the statement on Schedule 13D filed on February 1, 2010 (the "Original Schedule 13D", and the Original Schedule 13D as amended, the "Schedule 13D") with respect to shares of common stock par value $0.01 per share (the "Common Stock") of Smurfit-Stone Container Corporation, a Delaware corporation (the "Issuer"). Capitalized terms used herein and not otherwise defined in this Amendment have the meanings set forth in the Original Schedule 13D. This Amendment amends Items 4 and 5 as set forth below. ITEM 4. PURPOSE OF THE TRANSACTION Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following: Based on information and belief and a Schedule 13D exit filing made by Venor Capital Management LP, the current Other Holders are entities managed by P. Schoenfeld Asset Management LP. The Reporting Persons expressly disclaim membership in a group with the Other Holders or any other person. If the Reporting Persons were found to be members of a group with the Other Holders, then, based on information and belief, the aggregate number of shares of Common Stock beneficially owned by such group would be 22,795,000 or approximately 8.8% of the Issuer's Common Stock. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Item 5 (a), (b), (c) and the last paragraph of Item 5 are hereby amended and restated as follows: (a) Fir Tree Value and Fir Tree Capital Opportunity beneficially own 11,495,385 and 2,304,615, respectively, shares of Common Stock of the Issuer, which represents approximately 4.48% and .89%, respectively, of the Issuer's outstanding shares of Common Stock. Fir Tree, Inc., as the investment manager of each of Fir Tree Value and Fir Tree Capital Opportunity, may be deemed to beneficially own the 13,800,000 shares of Common Stock held collectively by Fir Tree Value and Fir Tree Capital Opportunity, which represents approximately 5.3% of the Issuer's outstanding shares of Common Stock. Such percentages were calculated by dividing the number of shares of Common Stock beneficially owned by each of the Reporting Persons by 256,658,958, the number of shares of Common Stock issued and outstanding as of November 4, 2009, as reported in the Issuer's Form 10-Q filed with the Securities Exchange Commission on November 9, 2009. The filing of this statement on Schedule 13D shall not be construed as an admission that Fir Tree, Inc., Fir Tree Value or Fir Tree Capital Opportunity are members of a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, and the Reporting Persons expressly disclaim membership in any such group. Page 5 of 8 (b) Fir Tree Value may direct the vote and disposition of 11,495,385 shares of Common Stock. Fir Tree Capital Opportunity may direct the vote and disposition of 2,304,615 shares of Common Stock. Fir Tree, Inc. has been granted investment discretion over the shares of Common Stock held by Fir Tree Value and Fir Tree Capital Opportunity, and thus, has the shared power to direct the vote and disposition of 13,800,000 shares of Common Stock. The filing of this statement on Schedule 13D shall not be construed as an admission that Fir Tree, Inc., Fir Tree Value or Fir Tree Capital Opportunity is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the 13,800,000 shares of Common Stock held by Fir Tree Value and Fir Tree Capital Opportunity. Pursuant to Rule 13d-4, Fir Tree, Inc., Fir Tree Value and Fir Tree Capital Opportunity disclaim all such beneficial ownership (c) The transactions in the Issuer's securities by the Reporting Persons in the last sixty days are listed as Schedule A attached hereto and made a part hereof. As indicated in Item 4, the Reporting Persons may be deemed members of a "group" within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, with the Other Holders. The Reporting Persons expressly disclaim membership in a group with the Other Holders or any other person. Based on information and belief and a Schedule 13D exit filing made by Venor Capital Management LP, the current Other Holders are entities managed by P. Schoenfeld Asset Management LP and the aggregate number of shares of Common Stock of the Issuer beneficially owned by all of such persons, including the Reporting Persons, would be 22,795,000 shares, or 8.8% of the shares outstanding. Page 6 of 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 18, 2010 FIR TREE VALUE MASTER FUND, LP By: FIR TREE, INC., its Manager By: /s/ Jeffrey Tannenbaum ---------------------- Name: Jeffrey Tannenbaum Title: President FIR TREE CAPITAL OPPORTUNITY MASTER FUND, L.P. By: FIR TREE, INC., its Manager By: /s/ Jeffrey Tannenbaum ---------------------- Name: Jeffrey Tannenbaum Title: President FIR TREE, INC. By: /s/ Jeffrey Tannenbaum ---------------------- Name: Jeffrey Tannenbaum Title: President Page 7 of 8 SCHEDULE A TRANSACTIONS IN THE COMMON STOCK BY FIR TREE VALUE MASTER FUND, L.P. DURING THE PAST 60 DAYS Unless otherwise indicated, all trades were effected in the open market through brokers. Number of Shares Date Purchased/(Sold) Price Per Share* ---- ----------------- ---------------- 2/05/10 55,400 0.16370 2/08/10 785,000 0.17000 2/12/10 806,000 0.15480 2/16/10 1,440,205 0.16010 * Excludes commissions. TRANSACTIONS IN THE COMMON STOCK BY FIR TREE CAPITAL OPPORTUNITY MASTER FUND, L.P. DURING THE PAST 60 DAYS Unless otherwise indicated, all trades were effected in the open market through brokers. Number of Shares Date Purchased/(Sold) Price Per Share* ---- ----------------- ---------------- 2/05/10 10,540 0.16370 2/08/10 149,060 0.17000 2/12/10 194,000 0.15480 2/16/10 359,795 0.16010 *Excludes commissions. Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----