Vanguard Group Discloses Position in International Paper Company

On May 23, 2024, The Vanguard Group, Inc. filed a Form 8.3 disclosing its position in International Paper Company. This public opening position disclosure is in line with Rule 8.3 of the Takeover Code, which pertains to persons holding interests in relevant securities representing 1% or more.

The disclosure reveals that Vanguard, as of May 22, 2024, holds 40,788,666 shares of International Paper Company's common stock, amounting to an 11.74% stake. The filing also notes that Vanguard has no cash-settled or stock-settled derivatives, nor any agreements to purchase or sell additional securities of the company.

Additionally, the disclosure includes purchase and sale activities involving common stock on May 22, 2024. Vanguard purchased 7,149 shares at $42.10 per unit and sold 3,127 shares at the same price.

Vanguard has clarified that it is not involved in any indemnity or option arrangements, nor does it have any agreements related to the voting rights or future acquisition of securities connected to any derivatives.