The Vanguard Group Discloses Stake in International Paper Company

The Vanguard Group, Inc. has disclosed its stake in the International Paper Company through a Form 8.3 submission. This disclosure follows Rule 8.3 of the Takeover Code, which mandates transparency for entities with interests representing 1% or more in relevant securities.

The disclosure, made on June 4, 2024, reveals that The Vanguard Group owns and controls 40,773,561 common stock shares in International Paper Company, representing an 11.74% stake. There are no cash-settled derivatives or stock-settled derivatives associated with these securities.

Additionally, The Vanguard Group reported recent transactions involving International Paper’s common stock. On June 3, 2024, they purchased 11,551 shares at $45.55 per unit and sold 3,948 shares at the same price.

The disclosure includes no indemnity or dealing arrangements related to these securities. Furthermore, there are no agreements, arrangements, or understandings regarding options or derivatives concerning the voting rights or future transactions of the relevant securities.