Vanguard Group Inc. Reports Stake in International Paper Company

The Vanguard Group, Inc. disclosed a significant stake in International Paper Company as per its latest Form 8.3 filing. The report, dated May 1, 2024, reveals that Vanguard holds 40,726,866 shares, equating to 11.73% of the company. This position was held as of April 30, 2024. Additionally, the disclosure mentions Vanguard's dealings in the stock, where they purchased 4,459 shares and sold 2,069 shares at a price of $34.94 each. As per the filing, these transactions exemplify a standard investment modification by Vanguard in the open market.

The disclosure also confirms no open stock-settled derivatives or significant indemnity and dealing arrangements that would influence Vanguard's holding position. The dealings were outlined under the requirements of Rule 8.3 of the Takeover Code, ensuring a transparent disclosure of Vanguard’s interests and short positions in securities representing 1% or more.