The Vanguard Group Discloses Position in International Paper Company

The Vanguard Group, Inc. has publicly disclosed its position in the International Paper Company as mandated by Rule 8.3 of the Takeover Code. The disclosure reveals The Vanguard Group's ownership of a significant amount of shares, holding 11.73% of the company's common stock, which totals 40,576,658 shares as of April 4, 2024. This substantial stake highlights The Vanguard Group's significant interest in the International Paper Company.

In addition to its holdings in International Paper Company, The Vanguard Group also disclosed dealings with other companies, including Mondi plc and Smith (DS) plc, indicating a strategic approach to investments within the sector. On a related note, The Vanguard Group reported transactions involving the purchase and sale of International Paper Company's common stock, with 11,522 shares purchased and 15,254 shares sold at a price of 39.29 USD per share.

The disclosure emphasizes The Vanguard Group's active engagement and strategic positioning within the market, underscoring its role as a major investor. Additionally, the company confirmed that there were no indemnity, option arrangements, or agreements related to the disclosed securities that would influence its dealing decisions.