The Vanguard Group, Inc. Discloses Position in International Paper Company

The Vanguard Group, Inc. has filed Form 8.3 regarding its interests in International Paper Company. As per the disclosure, Vanguard reveals it holds a substantial position in the common stock of International Paper, totaling 40,695,757 shares. This represents 11.72% of the company’s outstanding common stock.

This position includes both directly owned and controlled securities. The filing was made in compliance with Rule 8.3 of the Takeover Code, mandated for entities owning 1% or more in relevant securities.

The disclosure also mentions dealings that took place on July 12, 2024. Vanguard purchased 5,508 shares and sold 15,413 shares at $43.63 per share. The document further clarifies that there are no open positions or agreements related to stock-settled derivatives or other related arrangements.

Additionally, the form states that there are no indemnity agreements, option arrangements, or understandings influencing deal-related decisions. The filing date is noted as July 15, 2024.