Form 8.3 - International Paper Company

D E Shaw & Co LP

17 July 2024

 

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:	D. E. Shaw & Co., L.P.
(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:      For an opening position disclosure, state the latest practicable date prior to the disclosure	July 16, 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:	common stock
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	28,309	0.00%	1,568,489	0.45%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	653,200	0.18%	696,900	0.20%
TOTAL:	681,509	0.19%	2,265,389	0.65%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
common stock	Sale	57	USD 44.18
common stock	Sale	43	USD 44.19
common stock	Sale	270	USD 44.20
common stock	Sale	130	USD 44.21
common stock	Sale	300	USD 44.23
common stock	Sale	400	USD 44.24
common stock	Sale	1,400	USD 44.25
common stock	Sale	367	USD 44.26
common stock	Sale	998	USD 44.27
common stock	Sale	335	USD 44.28
common stock	Sale	100	USD 44.29
common stock	Sale	100	USD 44.31
common stock	Sale	100	USD 44.32
common stock	Sale	1,900	USD 44.33
common stock	Sale	1,640	USD 44.34
common stock	Sale	930	USD 44.35
common stock	Sale	1,000	USD 44.36
common stock	Sale	1,364	USD 44.37
common stock	Sale	800	USD 44.38
common stock	Sale	300	USD 44.39
common stock	Sale	1,463	USD 44.40
common stock	Sale	194	USD 44.41
common stock	Sale	688	USD 44.42
common stock	Sale	1,289	USD 44.43
common stock	Sale	511	USD 44.44
common stock	Sale	434	USD 44.46
common stock	Sale	200	USD 44.49
common stock	Sale	929	USD 44.50
common stock	Sale	340	USD 44.51
common stock	Sale	496	USD 44.52
common stock	Sale	200	USD 44.53
common stock	Sale	893	USD 44.54
common stock	Sale	507	USD 44.55
common stock	Sale	100	USD 44.56
common stock	Sale	732	USD 44.60
common stock	Sale	668	USD 44.61
common stock	Sale	200	USD 44.62
common stock	Sale	200	USD 44.63
common stock	Sale	100	USD 44.64
common stock	Sale	200	USD 44.67
common stock	Sale	300	USD 44.68
common stock	Sale	200	USD 44.70
common stock	Sale	1,226	USD 44.72
common stock	Sale	1,486	USD 44.73
common stock	Sale	688	USD 44.74
common stock	Sale	700	USD 44.75
common stock	Sale	600	USD 44.76
common stock	Sale	200	USD 44.77
common stock	Sale	1,200	USD 44.78
common stock	Sale	1,363	USD 44.79
common stock	Sale	968	USD 44.80
common stock	Sale	1,704	USD 44.81
common stock	Sale	2,260	USD 44.82
common stock	Sale	922	USD 44.83
common stock	Sale	1,678	USD 44.84
common stock	Sale	3,400	USD 44.85
common stock	Sale	1,400	USD 44.86
common stock	Sale	700	USD 44.87
common stock	Sale	1,250	USD 44.88
common stock	Sale	3,496	USD 44.89
common stock	Sale	5,271	USD 44.90
common stock	Sale	3,927	USD 44.91
common stock	Sale	5,108	USD 44.92
common stock	Sale	2,558	USD 44.93
common stock	Sale	1,710	USD 44.94
common stock	Sale	1,990	USD 44.95
common stock	Sale	1,136	USD 44.96
common stock	Sale	564	USD 44.97
common stock	Sale	800	USD 44.98
common stock	Sale	700	USD 44.99
common stock	Sale	1,150	USD 45.00
common stock	Sale	1,400	USD 45.01
common stock	Sale	3,077	USD 45.02
common stock	Sale	1,123	USD 45.03
common stock	Sale	700	USD 45.04
common stock	Sale	900	USD 45.05
common stock	Sale	1,300	USD 45.06
common stock	Sale	2,600	USD 45.07
common stock	Sale	4,723	USD 45.08
common stock	Sale	5,496	USD 45.09
common stock	Sale	4,400	USD 45.10
common stock	Sale	2,400	USD 45.11
common stock	Sale	2,000	USD 45.12
common stock	Sale	1,400	USD 45.13
common stock	Sale	2,300	USD 45.14
common stock	Sale	1,324	USD 45.15
common stock	Sale	2,113	USD 45.16
common stock	Sale	2,525	USD 45.17
common stock	Sale	2,450	USD 45.18
common stock	Sale	2,987	USD 45.19
common stock	Sale	2,300	USD 45.20
common stock	Sale	2,770	USD 45.21
common stock	Sale	2,500	USD 45.22
common stock	Sale	760	USD 45.23
common stock	Sale	3,299	USD 45.24
common stock	Sale	1,901	USD 45.25
common stock	Sale	100	USD 45.26
common stock	Sale	400	USD 45.27
common stock	Sale	1,900	USD 45.28
common stock	Sale	4,800	USD 45.29
common stock	Sale	1,556	USD 45.30
common stock	Sale	759	USD 45.31
common stock	Sale	500	USD 45.32
common stock	Sale	700	USD 45.33
common stock	Sale	900	USD 45.34
common stock	Sale	200	USD 45.35
common stock	Sale	2,476	USD 45.36
common stock	Sale	1,149	USD 45.37
common stock	Sale	3,151	USD 45.38
common stock	Sale	3,312	USD 45.39
common stock	Sale	1,800	USD 45.40
common stock	Sale	200	USD 45.41
common stock	Sale	2,100	USD 45.42
common stock	Sale	2,515	USD 45.43
common stock	Sale	3,000	USD 45.44
common stock	Sale	3,382	USD 45.45
common stock	Sale	6,100	USD 45.46
common stock	Sale	2,703	USD 45.47
common stock	Sale	4,758	USD 45.48
common stock	Sale	6,982	USD 45.49
common stock	Sale	3,400	USD 45.50
common stock	Sale	20,698	USD 45.51
common stock	Sale	3,702	USD 45.52
common stock	Sale	6,800	USD 45.53
common stock	Sale	1,100	USD 45.54
common stock	Sale	4,000	USD 45.55
common stock	Sale	1,100	USD 45.56
common stock	Sale	5,900	USD 45.57
common stock	Sale	130	USD 45.58

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	July 17, 2024
Contact name:	Kevin Krist (Compliance Department)
Telephone number*:	[phone]

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 [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	D. E. Shaw & Co., L.P.
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
common stock	Listed Call Option	Purchased	90,000	USD 47.50	American	20250117
common stock	Listed Call Option	Purchased	69,000	USD 50.00	American	20250117
common stock	Listed Call Option	Purchased	191,700	USD 50.00	American	20241018
common stock	Listed Call Option	Purchased	5,200	USD 52.50	American	20250117
common stock	Listed Put Option	Purchased	5,600	USD 45.00	American	20250117
common stock	Listed Put Option	Purchased	8,500	USD 47.50	American	20250117
common stock	Listed Call Option	Written	100	USD 35.00	American	20250117
common stock	Listed Call Option	Written	4,200	USD 35.00	American	20240719
common stock	Listed Call Option	Written	5,900	USD 37.50	American	20250117
common stock	Listed Call Option	Written	2,000	USD 37.50	American	20240816
common stock	Listed Call Option	Written	3,600	USD 40.00	American	20250117
common stock	Listed Call Option	Written	6,800	USD 40.00	American	20240719
common stock	Listed Call Option	Written	14,300	USD 40.00	American	20241018
common stock	Listed Call Option	Written	5,700	USD 40.00	American	20240816
common stock	Listed Call Option	Written	21,600	USD 42.50	American	20240719
common stock	Listed Call Option	Written	100	USD 42.50	American	20241018
common stock	Listed Call Option	Written	25,600	USD 42.50	American	20240816
common stock	Listed Call Option	Written	205,700	USD 45.00	American	20240719
common stock	Listed Call Option	Written	500	USD 45.00	American	20240816
common stock	Listed Call Option	Written	23,300	USD 47.50	American	20240719
common stock	Listed Call Option	Written	7,100	USD 47.50	American	20240816
common stock	Listed Call Option	Written	256,300	USD 50.00	American	20240719
common stock	Listed Call Option	Written	100,000	USD 52.50	American	20240719
common stock	Listed Put Option	Written	12,500	USD 35.00	American	20240719
common stock	Listed Put Option	Written	10,500	USD 35.00	American	20240816
common stock	Listed Put Option	Written	11,800	USD 37.50	American	20250117
common stock	Listed Put Option	Written	150,000	USD 37.50	American	20240719
common stock	Listed Put Option	Written	18,800	USD 37.50	American	20241018
common stock	Listed Put Option	Written	4,700	USD 40.00	American	20240719
common stock	Listed Put Option	Written	1,100	USD 40.00	American	20241018
common stock	Listed Put Option	Written	4,100	USD 40.00	American	20240816
common stock	Listed Put Option	Written	9,700	USD 42.50	American	20240719
common stock	Listed Put Option	Written	7,000	USD 42.50	American	20240816
common stock	Listed Put Option	Written	26,300	USD 45.00	American	20240719
common stock	Listed Put Option	Written	37,200	USD 45.00	American	20240816
common stock	Listed Put Option	Written	3,600	USD 47.50	American	20240816

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END