Vanguard Group Discloses Stake in International Paper Company

The Vanguard Group, Inc. released a new regulatory filing under the Form 8.3, detailing their latest positions and transactions in stocks of International Paper Company. As of May 3, 2024, Vanguard holds an 11.73% ownership in the company, controlling a total of 40,733,821 shares. This disclosure is in compliance with the rules stipulated by the Takeover Code that requires announcements from entities controlling more than 1% of any related securities.

Recent transactions by Vanguard include both the purchase and sale of International Paper shares, specifically buying 24,412 shares and selling 26,697 shares, each transaction priced at $36.28. The disclosure also briefly mentioned ongoing dealings with another entity named Smith (DS) plc, indicating the broader context of Vanguard's market activities. No stock-settled derivatives or rights to new securities were reported in this filing.