Vanguard Discloses Positions in International Paper Company

The Vanguard Group, Inc. reported their financial holdings in International Paper Company, revealing a substantial ownership stake. As of May 1, 2024, the investment firm held 40,735,305 shares, representing an 11.73% interest in the company. This disclosure aligns with the requirements of the Takeover Code, specifically Rule 8.3, which mandates that any party with over a 1% stake in relevant securities must report their positions.

In addition to their holdings, Vanguard engaged in further transactions involving International Paper stock. On a recent trading day, the company completed the purchase of 9,522 shares and sold 1,083 shares, each transaction priced at $35.28. These dealings demonstrate active management of their investment in International Paper. Vanguard also disclosed involvement with another entity, Smith (DS) plc, indicating broader market activity.

This financial maneuvering by one of the largest investment firms underscores the dynamic nature of major institutional investments in significant market players such as International Paper Company.