Vanguard Group's Latest Position in International Paper Company Revealed

In a recent disclosure dated April 10, 2024, The Vanguard Group, Inc. made public its significant stake in International Paper Company. According to the document, pursuant to Rule 8.3 of the Takeover Code, Vanguard holds an impressive 11.73% interest in International Paper, translating to a total of 40,604,069 shares in the company.

This disclosure is part of a mandatory requirement for entities with interests in securities representing 1% or more of a company. Additionally, Vanguard disclosed transactions in International Paper’s common stock, comprising both purchases and sales. Specifically, Vanguard purchased 10,886 shares and sold 2,232 shares, each transaction at a price of 38.14 USD per share.

Besides International Paper, Vanguard also reported disclosures concerning other companies such as Mondi plc and Smith (DS) plc, indicating its active engagement in significant holdings and transactions. This disclosure does not only highlight Vanguard's substantial engagement in the market but also its specific interest in the International Paper Company, setting a notable precedent for investors and market watchers alike.