Davidson Kempner Capital Discloses Position in International Paper
Key Disclosure from Davidson Kempner Capital Management
Davidson Kempner Capital Management LP has made a noteworthy public disclosure regarding its interests in the relevant securities of International Paper Company. This disclosure aligns with Rule 8.3 of the Takeover Code, which mandates transparency for investors holding significant positions.
Company Information
Under the required regulatory guidelines, Davidson Kempner Capital Management LP is the disclosing person in this case. With a keen interest in the market, this firm actively participates in the investment landscape by overseeing various securities.
Interests in Relevant Securities
Davidson Kempner Capital Management LP has disclosed its interests in two primary classes of relevant securities concerning International Paper Company. These securities demonstrate the substantial investment strategy employed by the firm.
Current Holdings and Short Positions
According to the most recent disclosure, Davidson Kempner holds 200,000 shares of common stock in International Paper, which represents a 0.06% interest in the company. Additionally, the firm is managing short positions, holding 2,252,811 shares that comprise 0.65% of outstanding securities.
Details of Dealings
In terms of trading activities, Davidson Kempner has executed several sales of common stock. Notably, they sold 73,774 shares at a price of USD 48.0143, followed by further sales including 55,180 shares at USD 47.9425 and 16,850 shares at USD 48.1829. This indicates an active trading strategy aimed at leveraging market conditions.
Compliance with Market Regulations
Davidson Kempner Capital Management LP adheres to the strict compliance requirements set forth by the Takeover Code. Their position disclosures not only provide transparency but also uphold the integrity of market practices.
Contact Information
For further inquiries regarding this disclosure, Davidson Kempner Capital has made Alex McMillan available. Interested parties can reach out via telephone at 646 282 5805 to gain insights or clarification about the disclosures mentioned.
Frequently Asked Questions
What is the purpose of Rule 8.3 of the Takeover Code?
Rule 8.3 is designed to ensure that investors disclose their significant holdings in a company, promoting transparency in the stock market.
Who is Davidson Kempner Capital Management LP?
Davidson Kempner Capital Management LP is an investment firm that focuses on active management across a variety of securities, applying sophisticated investment strategies.
What does it mean to have a short position?
A short position occurs when an investor borrows shares to sell them, betting that the stock price will decline so they can purchase the shares back later at a lower price.
How do disclosures impact the stock market?
Disclosures can influence market perceptions and behaviors, as they provide critical insights into investor sentiments and potential stock movements based on holdings and trading activities.
What should one do if they have more questions about the disclosure?
Those seeking more details about the disclosure can contact the firm directly through the provided contact information for assistance.
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