Vanguard Group Discloses Stake in International Paper Company

The Vanguard Group, Inc. has released a Form 8.3 disclosure indicating a significant interest in International Paper Company, with holdings that surpass the 1% threshold as stipulated by the Takeover Code. As of May 2, 2024, Vanguard holds approximately 40,736,106 shares in International Paper, representing an 11.73% interest. The disclosure comes amid unspecified market movements involving potentially related entities such as Smith (DS) plc.

In terms of recent transactions, Vanguard reported buying and selling shares of International Paper. Specifically, the asset management firm purchased 5,031 shares and sold 4,230 shares, each transaction priced at 35.81 USD per unit. The report does not elaborate on the strategic intent behind these trades or their impact on Vanguard's overall position.

The disclosure outlined by Vanguard does not involve any indemnity, option arrangements, or derivative transactions related to International Paper, maintaining a straightforward equity position without the complexity of derivatives or other financial instruments.