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

The Vanguard Group, Inc. has filed Form 8.3, disclosing its interests in the International Paper Company. On August 2, 2024, Vanguard reported holding 40,759,274 shares, representing 11.74% of the company's common stock.

The filing also indicates that Vanguard engaged in transactions involving International Paper's common stock, including the purchase of 6,271 shares at $45.94 per unit and the sale of 2,429 shares at the same price.

Additionally, Vanguard has declared that no indemnity, option arrangement, or other agreements related to the securities are in place. There are also no agreements concerning voting rights or future acquisitions of derivatives.

This disclosure falls under Rule 8.3 of the Takeover Code, which mandates transparency for entities with interests representing 1% or more of relevant securities in target companies.