Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has announced its position in International Paper Company through a disclosure filing on 18 November 2024. The firm reported owning and controlling 41,017,733 shares, equivalent to 11.81% of International Paper's common stock. This disclosure follows Rule 8.3 of the Takeover Code, as Vanguard holds interests representing 1% or more in the relevant securities.

Detailed transactions were also documented, noting a purchase of 28,684 shares and a sale of 1,458 shares at a consistent price of USD 57.58 per unit. No cash-settled or stock-settled derivatives were disclosed, and no new security subscription rights were reported. Vanguard made additional disclosures concerning Smith (DS) plc, indicating the firm's involvement in multiple transactions related to the offer.

The announcement conveyed transparency by confirming the absence of indemnity arrangements or voting-related agreements involving derivatives.