Vanguard Group Discloses Holding in International Paper Company

The Vanguard Group, Inc. has announced its latest financial dealings involving the International Paper Company as per the disclosure requirements under Rule 8.3 of the Takeover Code. On 13 May 2024, Vanguard disclosed holding a significant 11.73% stake in the common stock of International Paper, amounting to 40,748,731 shares.

In addition to holding direct shares, there were notable trading activities involving the purchase and sale of common stock. Specifically, Vanguard purchased 8,194 shares and sold 500 shares, each transaction recorded at a price of $39.52 per unit. This move signifies a continued change in Vanguard's position and interest within the company as part of their strategic financial management.

Vanguard has also disclosed dealings in another entity, Smith (DS) plc, alongside their activities with International Paper Company, although details of those transactions were not specified in this disclosure. The company confirmed that there are no indemnity or dealing arrangements currently in place that would serve as an inducement to deal or refrain from dealing.