TEXT-EXTRACT 2 filename2.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 DIVISION OF CORPORATION FINANCE May 21, 2020 Via Email Viktor Sapezhnikov, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, NY 10019 Re: GCP Applied Technologies Inc. Definitive Additional Materials on Schedule 14A Filed on May 20, 2020 File No. 001-37533 Dear Mr. Sapezhnikov: We have reviewed the filings above and have the following comments: 1. Please refer to the following statement: "We also believe independent shareholders should be concerned with allowing Starboard and 40 North to take creeping control of the Company." Please clarify what the term "creeping control" is intended to refer to. To the extent that it is referring to Starboard's nominees, please refrain from using this formulation in future filings. Starboard's nominees, if elected, will owe fiduciary duties and otherwise be accountable to all of the Company's shareholders. While Starboard has proposed six nominees for election who, if elected, would comprise a majority of the Board, as a matter of law and fact, Starboard will not be obtaining "control" of the Company within the meaning of the term as defined in Rule 12b-2 if its solicitation succeeds. 2. Please refer to the quoted statement in comment #1. Please either provide support for the implication that Starboard and 40 North are coordinating with one another--with respect to Starboard's proxy solicitation or otherwise--or refrain from making such statement in future filings. * * * We remind you that the registrant and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of Viktor Sapezhnikov, Esq. Wachtell, Lipton, Rosen & Katz May 21, 2020 Page | 2 action by the staff. Please direct any questions to Valian Afshar, Special Counsel, at (202) 551-8729, or me, at (202) 551-3444. Sincerely, /s/ Perry J. Hindin Perry J. Hindin Special Counsel Office of Mergers and Acquisitions cc: Adam O. Emmerich, Esq. Gregory E. Ostling, Esq. Wachtell, Lipton, Rosen & Katz