0000902664-18-002000.txt : 20180420 0000902664-18-002000.hdr.sgml : 20180420 20180420171523 ACCESSION NUMBER: 0000902664-18-002000 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180420 DATE AS OF CHANGE: 20180420 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Platform Specialty Products Corp CENTRAL INDEX KEY: 0001590714 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-87814 FILM NUMBER: 18767512 BUSINESS ADDRESS: STREET 1: 1450 CENTREPARK BOULEVARD STREET 2: SUITE 210 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 BUSINESS PHONE: 561-207-9600 MAIL ADDRESS: STREET 1: 1450 CENTREPARK BOULEVARD STREET 2: SUITE 210 CITY: WEST PALM BEACH STATE: FL ZIP: 33401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ELLIOTT ASSOCIATES, L.P. CENTRAL INDEX KEY: 0000904495 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 222140975 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2125062999 MAIL ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 30TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: ELLIOTT ASSOCIATES LP DATE OF NAME CHANGE: 19930513 SC 13G/A 1 p18-1023sc13ga.htm PLATFORM SPECIALTY PRODUCTS CORP.

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 

Platform Specialty Products Corp.

(Name of Issuer)
 

Common Stock, par value $0.01 per share

(Title of Class of Securities)
 

72766Q105

(CUSIP Number)
 

April 20, 2018

(Date of Event Which Requires Filing of This Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
¨ Rule 13d-1(b)
x Rule 13d-1(c)
¨ Rule 13d-1(d)
 
(Page 1 of 9 Pages)

 

______________________________

*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).

 

CUSIP No. 72766Q10513G/APage 2 of 9 Pages

 

1

NAME OF REPORTING PERSON

Elliott Associates, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 5

SOLE VOTING POWER

4,516,293 (1)

6

SHARED VOTING POWER

0

7

SOLE DISPOSITIVE POWER

4,516,293 (1)

8

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,516,293 (1)

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.6%

12

TYPE OF REPORTING PERSON

PN

         

 

(1) Includes 1,011,883 shares of Common Stock underlying Physical Derivative Agreements (defined below).

 

CUSIP No. 72766Q10513G/APage 3 of 9 Pages

 

1

NAME OF REPORTING PERSON

Elliott International, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands, British West Indies

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

9,597,123 (1)

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

9,597,123 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

9,597,123 (1)

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

3.3%

12

TYPE OF REPORTING PERSON

PN

         

 

(1) Includes 2,150,252 shares of Common Stock underlying Physical Derivative Agreements (defined below).

 

CUSIP No. 72766Q10513G/APage 4 of 9 Pages

 

1

NAME OF REPORTING PERSON

Elliott International Capital Advisors Inc.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:		 5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

9,597,123 (1)

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

9,597,123 (1)

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

9,597,123 (1)

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

3.3%

12

TYPE OF REPORTING PERSON

CO

         

 

(1) Includes 2,150,252 shares of Common Stock underlying Physical Derivative Agreements (defined below).

 

CUSIP No. 72766Q10513G/APage 5 of 9 Pages

This Schedule 13G/A reflects the beneficial ownership of the Reporting Persons (as defined below) as of the date hereof:

 

 

Item 1(a). NAME OF ISSUER
   
  The name of the issuer is Platform Specialty Products Corp. (the "Issuer").  

 

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
   
  1450 Centrepark Boulevard, Suite 210, West Palm Beach, Florida 33401

 

Item 2(a). NAME OF PERSON FILING
   
  The names of the persons filing this statement on Schedule 13G/A are: Elliott Associates, L.P. and its wholly-owned subsidiaries (collectively, "Elliott Associates"), Elliott International, L.P. ("Elliott International") and its wholly-owned subsidiaries and Elliott International Capital Advisors Inc. ("International Advisors" and collectively with Elliott Associates and Elliott International, the "Reporting Persons").  Elliott Advisors GP LLC, a Delaware limited liability company ("Elliott Advisors"), which is controlled by Paul E. Singer ("Singer"), Elliott Capital Advisors, L.P., a Delaware limited partnership ("Capital Advisors"), which is controlled by Singer, and Elliott Special GP, LLC, a Delaware limited liability company ("Special GP"), which is controlled by Singer, are the general partners of Elliott Associates.  Hambledon, Inc. ("Hambledon"), which is also controlled by Singer, is the sole general partner of Elliott International.  International Advisors is the investment manager for Elliott International.  International Advisors expressly disclaims equitable ownership of and pecuniary interest in any shares of Common Stock.

 

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
   
  The business address of Elliott Associates, International Advisors, Elliott Advisors, Capital Advisors, Singer and Special GP is 40 West 57th Street, 30th Floor, New York, New York 10019.
   
  The business address of Elliott International and Hambledon is c/o Maples & Calder, P.O. Box 309, Ugland House, South Church Street, George Town, Cayman Islands, British West Indies.

 

Item 2(c). CITIZENSHIP
   
  Each of Elliott Associates and Capital Advisors is a limited partnership formed under the laws of the State of Delaware.
   
  Elliott International is a limited partnership formed under the laws of the Cayman Islands, British West Indies.
   
  International Advisors is a corporation formed under the laws of the State of Delaware.

 

 

CUSIP No. 72766Q10513G/APage 6 of 9 Pages

 

  Each of Elliott Advisors and Special GP is a limited liability company formed under the laws of the State of Delaware.
   
  Hambledon is a corporation formed under the laws of the Cayman Islands, British West Indies.
   
  Singer is a U.S. citizen.

 

Item 2(d). TITLE OF CLASS OF SECURITIES
   
  Common Stock, par value $0.01 per share (the "Common Stock")

 

Item 2(e). CUSIP NUMBER
   
  72766Q105

 

Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Act;
  (b) ¨ Bank as defined in Section 3(a)(6) of the Act;
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act;
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940;
  (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
  (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
  (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

 

  If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please
  specify the type of institution:      

 

 

CUSIP No. 72766Q10513G/APage 7 of 9 Pages

 

Item 4. OWNERSHIP
   
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:
     
    Elliott Associates individually beneficially owns 4,516,293 shares of Common Stock, including 1,011,883 shares of Common Stock underlying notational principal amount derivative agreements in the form of physically settled swaps (the "Physical Derivative Agreements"), and including 274,711 shares of Common Stock through The Liverpool Limited Partnership, a Bermuda limited partnership that is a wholly-owned subsidiary of Elliott Associates ("Liverpool").
     
    Elliott International and International Advisors together beneficially own the 9,597,123 shares of Common Stock held by Elliott International, including 2,150,252 shares of Common Stock underlying Physical Derivative Agreements.
     
    Elliott Associates, Elliott International and International Advisors together beneficially own an aggregate of 14,113,416 shares of Common Stock, including 3,162,135 shares of Common Stock underlying Physical Derivative Agreements.
     
  (b) Percent of class:
     
    The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 288,028,893 shares of Common Stock outstanding, which is the total number of shares of Common Stock outstanding as of February 23, 2018 as reported in the Issuer's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 filed with the Securities and Exchange Commission on February 28, 2018.
     
    Elliott Associates beneficially owns approximately 1.6% of the outstanding shares of Common Stock.
     
    Elliott International and International Advisors beneficially owns approximately 3.3% of the outstanding shares of Common Stock.
     
    Elliott Associates, Elliott International and International Advisors' aggregate beneficial ownership constituted approximately 4.9% of the outstanding shares of Common Stock.
     
  (c) Number of shares as to which such person has:
     
    (i) Sole power to vote or to direct the vote
      Elliott Associates has sole power to vote or direct the vote of 4,516,293 shares of Common Stock, including 1,011,883 shares of Common Stock underlying Physical Derivative Agreements.

 

 

CUSIP No. 72766Q10513G/APage 8 of 9 Pages

 

    (ii) Shared power to vote or to direct the vote
      Elliott International and International Advisors together have shared power to vote or direct the vote of 9,597,123 shares of Common Stock, including 2,150,252 shares of Common Stock underlying Physical Derivative Agreements.
       
    (ii) Sole power to dispose or to direct the disposition of
      Elliott Associates has sole power to dispose or direct the disposition of 4,516,293 shares of Common Stock, including 1,011,883 shares of Common Stock underlying Physical Derivative Agreements.
       
    (iv) Shared power to dispose or to direct the disposition of
      Elliott International and International Advisors together have shared power to dispose or direct the disposition of 9,597,123 shares of Common Stock, including 2,150,252 shares of Common Stock underlying Physical Derivative Agreements.

 

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 Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý

 

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 OR CONTROL PERSON
   
  Elliott Associates holds 274,711 shares of Common Stock through Liverpool.

 

Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
   
  See Exhibit A.

 

Item 9. NOTICE OF DISSOLUTION OF GROUP
   
  Not applicable.

 

Item 10. CERTIFICATION

 

  Each of the Reporting Persons hereby makes the following certification:
   
  By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above 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 the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

CUSIP No. 72766Q10513G/APage 9 of 9 Pages

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: April 20, 2018

 

ELLIOTT ASSOCIATES, L.P.  
By: Elliott Capital Advisors, L.P., as General Partner  
By: Braxton Associates, Inc., as General Partner  
   
   
/s/ Elliot Greenberg  
Name: Elliot Greenberg  
Title: Vice President  
   
ELLIOTT INTERNATIONAL, L.P.  
By: Elliott International Capital Advisors Inc., as Attorney-in-Fact  
   
   
/s/ Elliot Greenberg  
Name: Elliot Greenberg  
Title: Vice President  
   
   
ELLIOTT INTERNATIONAL CAPITAL ADVISORS INC.  
   
   
/s/ Elliot Greenberg  
Name: Elliot Greenberg  
Title: Vice President