Vanguard Group Reports Ownership in International Paper Company

The Vanguard Group, Inc. disclosed its holdings in International Paper Company under the Rule 8.3 of the Takeover Code. As of May 10, 2024, Vanguard holds an 11.73% interest, represented by 40,741,037 shares in common stock. This disclosure is part of the requirements for persons with an interest in relevant securities of 1% or more.

Additionally, recent transactions include the purchase of 6,107 shares and the sale of 251 shares, both at the price of $38.58 per unit. According to the filing, no derivatives such as options or futures are linked to these dealings, and there are no indemnity or dealing arrangements associated with these holdings.

Furthermore, Vanguard disclosed its interest in another party involved in the offer, Smith (DS) plc, labeling it as a separate entity requiring distinct disclosure under the same rule. This illustrates Vanguard's diverse portfolio and active participation in the market.