Vanguard Group Discloses Holdings in International Paper Company

The Vanguard Group, Inc. has issued a detailed disclosure revealing its significant stake in International Paper Company. As per the filing, The Vanguard Group holds 40,655,845 shares, equating to an 11.71% ownership interest in International Paper. The report, submitted under the UK's Takeover Code Rule 8.3, highlighted transactions dated 17 April 2024, showing both purchase and sale activities in International Paper's common stock. Specifically, Vanguard purchased 9,031 shares and sold 2,951 shares at a price of 35.06 USD each on the reported date.

The operations also detailed Vanguard's position and activities with respect to other firms, namely Mondi plc and Smith (DS) plc, indicating ongoing investments in multiple entities. This report does not detail any indemnity or dealing arrangements related to the holdings, suggesting straightforward investment motives without any undisclosed agreements influencing the disclosed positions.