The Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. revealed its ownership interest in International Paper Company. In accordance with Rule 8.3 of the Takeover Code, the disclosure relates to a total holding of 40,784,644 common stock shares, representing 11.74% ownership.

The opening position disclosure, dated May 21, 2024, also noted dealings made by The Vanguard Group. This included a purchase of 4,519 shares at $41.89 per share and a sale of 376 shares at the same price. These transactions were part of their overall investment strategy in International Paper Company.

Additionally, the group confirmed disclosing interests relating to Smith (DS) plc, another party involved in an offer. No other agreements or arrangements were reported concerning options or derivatives related to relevant securities, and no supplemental form was attached to the disclosure.