The Vanguard Group, Inc. Discloses Position in International Paper Company

On September 16, 2024, The Vanguard Group, Inc. announced its public opening position disclosure regarding its interests in the securities of International Paper Company. This disclosure was made in accordance with Rule 8.3 of the Takeover Code.

Vanguard reported an interest of 40,905,390 common stock shares in International Paper Company, representing an 11.78% stake. Additionally, Vanguard indicated minimal dealings with Smith (DS) plc in connection with this disclosure.

Specific transaction details included the purchase of 5,596 common stock shares at $48.70 per unit and the sale of 832 common stock shares at the same price.

No other positions or agreements related to derivatives, options, or rights to subscribe for new securities were disclosed. Furthermore, there were no indemnity or other dealing arrangements connected to these securities.