Vanguard Discloses Stake in International Paper

The Vanguard Group, Inc. has disclosed its position in International Paper Company. As of November 22, 2024, Vanguard holds 41,103,684 shares, representing an 11.83% stake in the company. This disclosure is made in compliance with Rule 8.3 of the Takeover Code, which mandates revelations about interests at 1% or more in relevant securities.

Aside from International Paper, Vanguard has also reported positions in Smith (DS) plc, indicating its involvement in multiple transactions. Vanguard executed transactions including the purchase of 12,792 common stocks at $59.32 per unit and the sale of several shares at prices ranging from $59.32 to $59.53.

No associated indemnity, option arrangements, or agreements related to derivatives have been reported. The disclosure reflects Vanguard's transparency in its dealings with potential stakeholders.