Davidson Kempner Capital Management Updates on International Paper
Public Opening Position Disclosure by Davidson Kempner Capital Management
FORM 8.3
Public Opening Position Disclosure/Dealing Disclosure by
A Person with Interests in Relevant Securities Representing 1% or More
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full Name of Discloser: Davidson Kempner Capital Management LP
(b) Owner or Controller of Interests and Short Positions Disclosed: Not applicable, no additional names reported.
(c) Name of Offeror/Offeree: International Paper Company
(d) Exempt Fund Manager Information: Not applicable.
(e) Date Position Held/Dealing Undertaken: The latest practicable date prior to the disclosure.
Position Held: Recent reporting states a total of 200,000 relevant securities owned, reflecting a 0.06% ownership, alongside 1,933,532 short positions translating to a 0.56% liability.
(f) Disclosures in Respect of Other Parties: Yes, disclosures are also made regarding Smith (DS) plc.
Positions of the Person Making the Disclosure
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of offeror or offeree, a table for each additional class of relevant security must be prepared.
(a) Interests and Short Positions:
Relevant securities owned and/or controlled: 200,000 with an interest percentage of 0.06%. Total short positions equal 1,933,532 at a rate of 0.56%.
(b) Rights to Subscribe for New Securities:
Details regarding subscription rights are currently unreported.
Dealings by the Person Making the Disclosure
(a) Purchases and Sales:
Recent sale transactions for common stock recorded 9,898 units at a price of USD 47.7787 per unit.
(b) Cash-Settled Derivative Transactions:
Details on cash-settled derivative transactions are not currently available.
(c) Stock-Settled Derivative Transactions:
Relevant information on options, including their descriptions and quantities, remains unspecified.
(d) Other Dealings:
Details regarding any other dealings, including subscriptions for new securities, are also currently unavailable.
Other Information
(a) Indemnity and Other Dealing Arrangements: No indemnity agreements or similar arrangements impacting the disclosed positions have been reported.
(b) Agreements Relating to Options or Derivatives: Currently, there are no noted agreements impacting voting rights or options that relate to the disclosed securities.
(c) Attachments: No Supplemental Form 8 (Open Positions) is attached.
Contact Information
Date of Disclosure: Current disclosure is noted as of 22nd of August, year held unspecified.
Contact Name: Alex McMillan
Telephone Number: 646 282 5805
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements.
Frequently Asked Questions
What is the purpose of a Form 8.3 filing?
The Form 8.3 filing serves to disclose interests and holdings in relevant securities and ensure compliance with Takeover Code regulations.
Who is Davidson Kempner Capital Management LP?
Davidson Kempner Capital Management LP is a global investment management firm known for its diverse investment strategies and significant market presence.
What does this disclosure indicate about Davidson Kempner's position?
This disclosure indicates that Davidson Kempner holds a significant amount of shares and short positions in International Paper Company, reflecting its strategic investment viewpoint.
Is this disclosure available for public viewing?
Yes, disclosures made under Rule 8 are publicly accessible as they are filed with regulatory bodies.
How can I get in touch with Davidson Kempner Capital Management LP?
You can reach out to Alex McMillan at the contact number provided in the disclosure for further inquiries.
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