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The Vanguard Group, Inc. Announces Significant Stake in International Paper Company

The Vanguard Group, Inc., a leading investment management firm, disclosed its substantial holdings in International Paper Company as of 05 April 2024. According to a recent Form 8.3 filing, The Vanguard Group, Inc. reported owning 40,579,541 shares, equating to an 11.73% interest in the company. This disclosure is part of the mandatory reporting required under the Rule 8.3 of the Takeover Code, outlining significant interests in relevant securities of companies holding 1% or more.

In addition to International Paper Company, the filing also revealed The Vanguard Group, Inc.'s interests in other entities involved in a possible takeover including Mondi plc and Smith (DS) plc. Details of dealings included recent transactions involving the purchase and sale of common stock in International Paper Company. Specifically, The Vanguard Group, Inc. purchased 4,703 shares and sold 1,820 shares, both transactions at a price of 38.66 USD per unit.

This position disclosure highlights The Vanguard Group, Inc.'s active participation and significant investments in the equity markets, reflecting its strategic interests in the mentioned entities. The declaration of no existing indemnity or dealing arrangements further transparently clarifies the stance of The Vanguard Group, Inc. regarding its disclosed holdings.

R. H.

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