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The Vanguard Group Discloses Position in International Paper Co

The Vanguard Group, Inc. recently filed an opening position disclosure regarding its interests in International Paper Company under Rule 8.3 of the Takeover Code. This disclosure reveals that Vanguard controls 11.79% of International Paper Co's common stock as of June 18, 2024, translating into 40,947,755 shares.

Vanguard executed transactions involving 21,743 shares purchased and 69,977 shares sold at a consistent price of 46.25 USD per unit. The company clarified that no cash-settled or stock-settled derivative transactions occurred during this period.

No other agreements, options, or indemnity arrangements were reported, and no supplemental forms were attached. Vanguard also disclosed its connection to Smith (DS) plc, indicating this isn't its only current interest.

R. E.

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