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Davidson Kempner Capital's Strategic Position in International Paper

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.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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