Davidson Kempner Capital Management LP Discloses Positions

Davidson Kempner Capital Management LP Positions Overview

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE

This disclosure is made by Davidson Kempner Capital Management LP, reflecting interests in relevant securities representing 1% or more, as stipulated under Rule 8.3 of the Takeover Code.

Key Information Regarding the Disclosure

1. Key Information

Full Name of Discloser: Davidson Kempner Capital Management LP

Name of Offeror/Offeree: Smith (DS) plc

Date Position Held: Recent updates show a holding position as of September 25, 2024. It's imperative for investors to note the significance of this position disclosure regarding potential mergers or acquisitions.

Disclosure of Other Parties: In addition to Smith (DS) plc, Davidson Kempner is also making disclosures in relation to International Paper Company.

Positions Disclosure Details

Under the outlined categories, Davidson Kempner has substantial positions in relevant securities that are important for stakeholders to consider.

Interests and Short Positions

Following the recent dealings, the total interest reported is 18,539,768 securities, making up approximately 1.34% of Smith (DS) plc's equity. These figures indicate the company’s strategic involvement in essential market segments.

Total Holdings Overview

The total disclosed holdings include cash-settled derivatives along with stock-settled derivatives, highlighting Davidson Kempner’s diversified strategy within the market.

Transaction Details

2. Dealings by Davidson Kempner

Several transactions are reported which underline the strategic movements of Davidson Kempner within the financial landscape.

Purchases and Sales

Current reported positions detail various purchases and sales indicating an increase in long positions. For instance, transactions involving 132,620 units were executed at GBP 4.5465 each, illustrating ongoing confidence in market movements.

Cash-settled Derivatives Transactions

Davidson Kempner is noted for engaging in cash-settled derivative transactions, which serve to underline its speculative and hedging strategies across various classes of relevant securities.

Other Relevant Information

3. Additional Agreements and Attachments

No supplemental forms or additional agreements have been disclosed that relate to option arrangements or voting rights, maintaining clarity and transparency in their financial disclosures.

Investor Insights

Investments in options or derivatives for further securities have been disclosed as none, suggesting a straightforward approach in its market strategy. Investors and stakeholders can rely on these concise disclosures to gauge Davidson Kempner's market strategy.

Contact Information

For more details regarding the disclosure, contact Alex McMillan at Davidson Kempner Capital Management LP. The company takes transparency seriously and ensures that all relevant information is accessible.

Frequently Asked Questions

What is the purpose of the Form 8.3 disclosure?

The Form 8.3 disclosure is intended to inform investors about significant positions held in relevant securities, ensuring transparency in market dealings.

Who is Davidson Kempner Capital Management LP?

Davidson Kempner Capital Management LP is a global investment management firm known for its expertise in various market strategies including derivatives and equities.

What is the significance of the reported holdings percentage?

The reported holdings percentage indicates the level of influence Davidson Kempner has in the respective company and offers insights into investor confidence and market strategy.

How does this disclosure impact potential investments?

Such disclosures provide crucial information for potential investors, allowing them to make informed decisions based on the holdings and strategies of significant financial entities.

What should investors look out for in future disclosures?

Investors should monitor future disclosures for changes in holdings, new transaction details, and any strategic moves by Davidson Kempner that may influence stock performance.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

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