Vanguard Group Discloses Investment in International Paper Company

On May 30, 2024, The Vanguard Group, Inc. disclosed its position in International Paper Company. This disclosure follows Rule 8.3 of the Takeover Code, which mandates public opening position disclosures from entities with significant interests in relevant securities.

Vanguard reported a substantial holding of 40,811,596 shares of International Paper Company's common stock, representing an 11.75% interest. The disclosure reflects the position held as of May 29, 2024.

The filing included details on recent transactions: Vanguard purchased 28,973 shares at $44.40 per share and sold 3,767 shares at the same price. No cash-settled or stock-settled derivatives were involved in these transactions.

No other agreements, arrangements, or understandings related to options or derivatives were reported. Vanguard also confirmed no additional parties are involved in the disclosure outside International Paper Company.