Davidson Kempner Capital Management Updates on International Paper
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Key Disclosure Information
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, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor, and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
International Paper Company
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:
16/08/2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”
Yes, Smith (DS) plc
2. 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 the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
Interests
Number
%
Short positions
Number
%
(1) Relevant securities owned and/or controlled:
200,000 (0.06%)
1,890,546 (0.54%)
(2) Cash-settled derivatives:
N/A
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
N/A
TOTAL: 200,000 (0.06%) - 1,890,546 (0.54%)
3. Dealings (if any) by the Person Making the Disclosure
(a) Purchases and Sales
Class of relevant security
Purchases/Sale
Number of securities
Price per unit
Common stock
Sale
13,187
USD 46.7294
(b) Cash-settled derivative transactions
N/A
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
N/A
(ii) Exercise
N/A
(d) Other dealings (including subscribing for new securities)
N/A
4. Other Information
(a) Indemnity and Other Dealing Arrangements
None
(b) Agreements, arrangements or understandings relating to options or derivatives
None
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO
5. Additional Information
Date of disclosure: 19/08/2024
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 in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.
Frequently Asked Questions
1. What is Form 8.3?
Form 8.3 is a public opening position disclosure that must be filed by individuals or entities with interests in relevant securities representing 1% or more.
2. Who is Davidson Kempner Capital Management LP?
Davidson Kempner Capital Management LP is an investment management firm specializing in various financial instruments, including equities, credit, and real estate.
3. What does the disclosure pertain to?
This disclosure pertains to Davidson Kempner's interests in International Paper Company and outlines their positions and dealings as required by regulatory standards.
4. What are short positions?
Short positions refer to the number of securities that an investor has sold but does not own, betting on a decline in the stock price.
5. How can I contact Davidson Kempner for more information?
You can contact Alex McMillan at Davidson Kempner Capital Management LP via telephone at 646 282 5805 for further inquiries.
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