The Vanguard Group, Inc. Discloses Positions in International Paper Company

The Vanguard Group, Inc. has released a disclosure form, Form 8.3, related to its holdings in International Paper Company. According to the document, Vanguard holds significant interests in the common stock of International Paper Company.

As of June 13, 2024, Vanguard controls 40,792,062 shares, which represents 11.74% of International Paper Company's common stock. This disclosure is a requirement under Rule 8.3 of the Takeover Code, which mandates public opening position disclosures by parties with interests exceeding 1% of the relevant securities.

The filing also reported recent transactions involving International Paper's common stock. Vanguard purchased 5,900 shares at a price of $45.35 per unit and sold 6,505 shares at the same price.

No additional rights to subscribe for new securities or derivative positions were disclosed in the form. Furthermore, there are no indemnity agreements or other formal understandings related to these securities.