Davidson Kempner Discloses Stake in International Paper Co.
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Overview of Davidson Kempner Capital Management LP
Davidson Kempner Capital Management LP is an investment firm known for its strategic positions in various sectors. Recently, the firm disclosed its significant stake in International Paper Company, highlighting its impactful role in the market.
Key Information Disclosure
The firm provided a detailed form under Rule 8.3 of the Takeover Code, declaring its interest in International Paper Company. This disclosure demonstrates their investment strategy and compliance with regulatory requirements.
Details of the Disclosure
According to the disclosure, Davidson Kempner holds an interest representing 1% or more of the relevant securities of International Paper Company. The company’s full name is included in the report, affirming transparency in their dealings.
Positions Held
Davidson Kempner Capital Management LP has outlined its positions in International Paper Company, showing that it owns 225,000 shares. In contrast, the firm holds short positions of approximately 2,252,811 shares, indicating a strategic approach in managing its portfolio risk.
Breakdown of Interests and Short Positions
The interests include a small percentage ownership of 0.06% in the relevant securities of International Paper Company, while short positions represent a considerably larger 0.65%. This data reflects their market outlook and investment methodology.
Recent Transactions
As part of its strategy, Davidson Kempner recently engaged in purchasing shares of International Paper Company. For instance, they notably purchased 25,000 shares at a price of USD 47.9973. This transaction sheds light on their proactive management style and confidence in the company’s performance.
Other Transactional Details
In addition to direct purchases, the firm also evaluates cash-settled and stock-settled derivative transactions as part of their broader investment portfolio management.
Contact Information
For more details about their disclosures and investment strategy, investors can contact Alex McMillan at 646 282 5805. Maintaining open lines of communication allows Davidson Kempner to engage with stakeholders effectively.
Frequently Asked Questions
What is the significance of the Form 8.3 disclosure?
The Form 8.3 disclosure enables firms like Davidson Kempner to inform the market about their substantial holdings, ensuring transparency in their investment activities.
How many shares does Davidson Kempner hold in International Paper?
Davidson Kempner Capital Management LP holds 225,000 shares in International Paper Company.
What are the percentages of Davidson Kempner's interests and short positions?
Davidson Kempner's ownership represents 0.06% of the relevant securities, while short positions constitute 0.65%.
Who can be contacted for more information regarding the disclosures?
Investors can contact Alex McMillan at 646 282 5805 for inquiries related to their disclosures and investment strategies.
What was the recent price point for the shares purchased by Davidson Kempner?
Davidson Kempner purchased shares at a price of USD 47.9973 for 25,000 shares of International Paper.
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