Vanguard Group Announces Strategic Stock Transactions in International Paper Company

On April 15, 2024, The Vanguard Group, Inc. disclosed its latest financial dealings involving the International Paper Company, as per the regulatory requirements of Rule 8.3 of the Takeover Code. According to the filing, as of April 12, Vanguard held an 11.74% stake with 40,624,817 shares in International Paper, highlighting a significant investment interest in the company.

The document detailed several transactions including purchases and sales of International Paper's common stock. Notably, Vanguard purchased 8,971 shares at $37.14 each and an additional 467 shares at $37.59, while selling 326 shares also at $37.14 each. These transactions underscore Vanguard's active management of its investment in International Paper amid market fluctuations.

Furthermore, Vanguard confirmed that it has no indemnity or dealing arrangements that could influence its investment decisions regarding International Paper. The fund manager also disclosed dealing with additional entities like Mondi plc and Smith (DS) plc, indicating a broader strategic approach in the paper and packaging industry sector.