Vanguard Group's Latest Moves in the International Paper Company

The Vanguard Group, Inc. has disclosed its recent transactions involving the International Paper Company stock, as per their latest Form 8.3 filing. The form reveals that as of May 7, 2024, The Vanguard Group holds approximately 40,733,597 shares, which represents an 11.73% stake in the company. Additionally, the report details recent market transactions, including the purchase of 6,925 shares and the sale of 9,551 shares, each transaction priced at $38.84 per share.

This disclosure is in accordance with the rules of the Takeover Code, which mandates that any entity with a significant interest in a company’s securities must report its position and any relevant dealings. Furthermore, The Vanguard Group also referenced another player in the market, Smith (DS) plc, indicating broader engagement within the financial market concerning takeover scenarios and positions that could potentially influence such proceedings.