Davidson Kempner Capital's Strategic Position in 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”)
Key Information
1. Key Information
(a) Full name of discloser: Davidson Kempner Capital Management LP
(c) Name of offeror/offeree: International Paper Company
(e) Date position held: 17/10/2024
(f) Is the discloser making disclosures in respect of any other party to the offer? Yes, Smith (DS) plc
Positions of Davidson Kempner Capital Management
2. Positions of the Person Making the Disclosure
(a) Interests and short positions in the relevant securities of the offeror or offeree:
Class of relevant security: Common Stock
Interests: Number: 335,000, Percentage: 0.10%
Short positions: Number: 2,631,762, Percentage: 0.76%
Recent Dealings by Davidson Kempner Capital
3. Dealings by the Person Making the Disclosure
(a) Purchases and Sales
Class of relevant security: Common Stock
Nature of dealing: Sale
Number of securities: 1,028, Price per unit: USD 47.3967
Number of securities: 10,000, Price per unit: USD 47.1267
Other Relevant Information
4. Other Information
(a) Indemnity and Other Dealing Arrangements
Details of any agreements or arrangements: None
(b) Agreements or Understandings
Details of any formal or informal understanding: None
Contact Information
Contact Name: Alex McMillan
Telephone Number: 646 282 5805
Frequently Asked Questions
What is the role of Davidson Kempner Capital Management in the market?
Davidson Kempner Capital Management LP plays a significant role in investment management, focusing on various securities and companies, including their recent attention towards International Paper Company.
What are the recent interests held by Davidson Kempner in International Paper?
Davidson Kempner holds a total of 335,000 shares in International Paper Company, representing 0.10% of their securities.
Did Davidson Kempner engage in recent sales?
Yes, Davidson Kempner recently completed sales of 1,028 and 10,000 shares of common stock in International Paper, at respective prices of USD 47.3967 and USD 47.1267.
What does the Code require for disclosure?
The Code requires public disclosure of interests and dealings in relevant securities, especially when they represent a significant ownership stake.
How can investors benefit from this information?
This information helps investors assess involvement and strategies of large asset managers like Davidson Kempner, which can influence stock performance and market estimates.
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