Davidson Kempner Updates Position on Smith (DS) plc
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Key Information
Full name of discloser: Davidson Kempner Capital Management LP
Owner or controller of interests: No additional controller specified.
Name of offeror/offeree: Smith (DS) plc
Additional disclosures: Yes, International Paper Company.
Date position held: Latest practicable date prior to this disclosure.
Positions of Davidson Kempner Capital Management
Davidson Kempner is disclosing its interests and positions relating to Smith (DS) plc. This includes full transparency regarding relevant securities.
Interests and Short Positions
Following the recent dealings, Davidson Kempner maintains significant interests in the relevant securities of Smith (DS) plc.
Class of Relevant Security
Details have been disclosed concerning cash-settled derivatives and stock-settled derivatives owned by Davidson Kempner.
Total Interests
Total number of interests held: 14,887,929 representing 1.07% of relevant securities.
Dealings by Davidson Kempner Capital Management
Transaction details related to purchases and sales by Davidson Kempner are provided for transparency regarding active dealings involving relevant securities.
Cash-settled Derivative Transactions
Recent derivative transactions indicate an increase in Davidson Kempner's position within the market involving 10p ordinary securities.
Stock-settled Derivative Transactions
Details concerning stock-settled derivatives, including any relevant transactions involving options, have been accurately documented.
Other Information
Davidson Kempner has provided comprehensive disclosures concerning indemnity arrangements related to its holdings in Smith (DS) plc.
Contact Information
For any inquiries, please contact Alex McMillan at 646 282 5805.
Frequently Asked Questions
What is Davidson Kempner Capital Management?
Davidson Kempner Capital Management LP is an alternative investment management firm focusing on event-driven and value-oriented strategies.
What is the significance of the disclosure?
The disclosure complies with the regulatory requirements under Rule 8.3 of the Takeover Code, indicating significant holdings in relevant securities.
What does the term 'relevant securities' refer to?
Relevant securities refer to the shares or financial instruments that are involved in the offeror/offeree transaction.
Who is Smith (DS) plc?
Smith (DS) plc is the company associated with the interests being disclosed by Davidson Kempner and is involved in the current offer situation.
How can I get more information about the Takeover Code?
The Takeover Code is available online, and inquiries can be directed to the Panel’s Market Surveillance Unit for further assistance.
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