The Vanguard Group Discloses Major Stake in International Paper Company

The Vanguard Group, Inc. has disclosed a significant position in the securities of International Paper Company. According to the Form 8.3 submitted on 10 June 2024, Vanguard now controls 40,874,140 shares, representing 11.77% of the common stock.

The document, filed under Rule 8.3 of the Takeover Code, details positions held as of 07 June 2024. It reveals that Vanguard, a prominent asset management firm, has also made disclosures related to Smith (DS) plc. This indicates Vanguard's broader engagement beyond International Paper.

Among the disclosed dealings, Vanguard purchased 10,023 shares of International Paper Company at a price of $45.21 per share. No other transactions or derivative positions were reported.

The information includes the absences of indemnities, options, or other agreements outside the disclosed holdings. The contact listed for further inquiries is Shawn Acker.