Vanguard Group Discloses Position in DS Smith plc Amid Takeover Developments

The Vanguard Group, Inc. has publicly disclosed its positions in Smith (DS) plc according to the Form 8.3 released on 11 April 2024, amidst the ongoing takeover discussions. The disclosure highlights Vanguard's significant stake in DS Smith, showcasing an ownership of 62,422,254 ordinary shares, accounting for 4.53% of the company. This position makes Vanguard a key player in the context of the takeover code, indicating their substantial interest in the outcome of the takeover processes involving DS Smith plc and potentially affecting the dynamics of the takeover bid.

The disclosure also detailed trading activities by Vanguard Group, including the purchase of 21,374 ordinary shares at a price of 4.13 GBP and the sale of 6,251 shares at the same price. Despite these movements, the overall position maintained by Vanguard indicates a strong interest in DS Smith’s financial developments and the future of the company amidst takeover talks. Vanguard’s disclosures also include dealings related to International Paper Company and Mondi plc, suggesting a broader interest in the paper and packaging industry's ongoing consolidation.