The Vanguard Group, Inc. Reports on Holdings in International Paper Company

The Vanguard Group, Inc., one of the world's leading investment management companies, has disclosed its holdings in the International Paper Company as of 28 March 2024. According to the Form 8.3 filed, Vanguard holds an interest amounting to 40,587,679 shares, representing an 11.73% stake in the company. This position underscores Vanguard's significant interest in the paper and packaging industry, highlighting the investment firm's active management and strategic investment choices.

In addition to the International Paper Company, Vanguard has also made disclosures related to other companies involved in a potential offer, including Mondi plc and Smith (DS) plc, indicating a broader interest in the sector. The transactions detailed include purchases and sales of common stock, with prices per unit ranging from $38.99 to $39.02. These dealings demonstrate Vanguard's ongoing adjustments to its portfolio in response to market movements and opportunities.

The disclosure further reinforces Vanguard's role as a major investor across various sectors, with the International Paper Company holding being a notable part of its investment strategy. The specifics of the transactions and holdings were disclosed in compliance with the Takeover Code, showcasing transparency and adherence to regulatory requirements.