Vanguard Discloses Position in International Paper Company

The Vanguard Group, Inc. has filed a Form 8.3 regarding their stake in International Paper Company. This disclosure follows Rule 8.3 of the Takeover Code, which requires transparency for those holding 1% or more of relevant securities. As of October 15, 2024, Vanguard controls 11.78% of the common stock of International Paper, equating to 40,914,141 shares.

The document also notes transactions on the same date. Vanguard purchased 11,987 shares and sold 3,134 shares, both at $47.74 per unit. No additional agreements or derivative positions were reported, and no Supplemental Form 8 was attached.

The filing further mentions disclosure in relation to Smith (DS) plc. No indemnity or option arrangements were noted between Vanguard and parties involved in the offer.