Vanguard Group's Position in International Paper Company

The Vanguard Group, Inc., reported its current holding status in International Paper Company as per the latest Form 8.3 filing. As of 16 May 2024, Vanguard holds approximately 11.74% of International Paper's common stock, equating to 40,775,699 shares. The filing additionally recorded transactions of 16,414 common stocks purchased and 863 sold, both at a price of $40.52 per unit.

This financial disclosure aligns with Rule 8.3 of the Takeover Code, requiring transparency from any party with over 1% interest in securities of involved companies. Apart from International Paper, disclosures were also made concerning another entity, Smith (DS) plc, indicating a broader scope of Vanguard’s market activities.