Vanguard Group's Holdings in International Paper Company Detailed

The Vanguard Group, Inc. has released a significant update on its holdings in International Paper Company as per the latest Form 8.3 filing. As of April 29, 2024, Vanguard reports controlling 11.73% of International Paper's common stock, totalling 40,724,476 shares. This disclosure is a requirement under Rule 8.3 of the Takeover Code, which mandates public declarations from parties holding over 1% of a company involved in a takeover.

In addition to International Paper, Vanguard is also making disclosures regarding another party in the potential offer, named Smith (DS) plc. Moreover, the filing included recent transactions in International Paper stocks, where Vanguard purchased 1,464 shares and sold 462 shares, both at a price of $35.32 per unit. The disclosure is critical for market transparency, providing stakeholders with a clear view of Vanguard’s activities related to International Paper during the takeover period.