The Vanguard Group Discloses Stake in International Paper Company

The Vanguard Group, Inc. has released Form 8.3 concerning its interest in International Paper Company. As per the disclosure dated November 12, 2024, Vanguard owns 40,976,451 common stocks, accounting for 11.80% of International Paper Company’s securities. This places Vanguard as a significant stakeholder, surpassing the 1% threshold that necessitates public disclosure under Rule 8.3 of the Takeover Code.

The disclosure highlights recent dealings, including the purchase of 12,363 common stocks and the sale of 3,274 shares at a price of $57.66 each. No agreements or arrangements related to indemnities or options have been reported. Additionally, Vanguard is making disclosures about Smith (DS) plc, further underscoring its active engagement in the securities market.