Vanguard Group Reports Position in International Paper Company

The Vanguard Group, Inc. disclosed its position in the International Paper Company as per the regulations of the Takeover Code, specifically Rule 8.3. On 15 May 2024, Vanguard announced it holds a significant stake in International Paper, owning 11.74% of the company's common stock, totaling 40,760,148 shares.

In addition to this holding, recent transactions by Vanguard included purchases and sales of International Paper shares. On the reported date, Vanguard purchased 11,167 shares and sold 2,442 shares, both at a price of $39.71 each. This disclosure accompanies details of stock-settled and cash-settled derivatives as well, although none were reported at this time.

The Group has also acknowledged dealings in shares of another entity, Smith (DS) plc, related to a potential cash offer, although specific details were not disclosed within the summary.