Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has disclosed its significant position in International Paper Company, as required by Rule 8.3 of the Takeover Code. The disclosure was made on May 31, 2024.

According to the filing, Vanguard owns and controls 40,817,416 shares of common stock, amounting to 11.75% of International Paper Company's relevant securities. No cash-settled or stock-settled derivatives are involved in this disclosure.

The document also notes recent transactions including the purchase of 11,292 shares and the sale of 5,472 shares, both at a price of $44.58 per share. No additional agreements or understandings related to options or derivatives were reported.

This disclosure also mentions that Vanguard is making similar disclosures concerning Smith (DS) plc, although specific details are not provided in this document.