on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group Discloses Position in International Paper Company
The Vanguard Group, Inc. has released a Form 8.3 disclosure regarding its interests in International Paper Company. As of October 7, 2024, Vanguard holds 40,887,317 common stock shares, representing an 11.77% stake in the company. This disclosure complies with Rule 8.3 of the Takeover Code, which mandates transparency for persons holding interest over 1% in relevant securities.
The document details Vanguard's dealings in International Paper's common stock. The firm recently purchased 12,331 shares at $47.69 per unit, while selling 16,994 shares at the same rate. No cash-settled or stock-settled derivatives positions were reported, and there are no agreements or understandings related to options or derivatives.
No indemnity arrangements or option agreements were disclosed, reflecting a straightforward holding of securities without additional complex financial instruments involved.
R. P.
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