Form 8.3 - International Paper Company

LONDON--()-- 

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:

Balyasny Asset 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:

For an opening position disclosure, state the latest practicable date prior to the disclosure

27/03/2024

(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:

 

DS Smith plc & Mondi 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

ISIN: US4601461035

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

2,278,802

0.65

74,959

0.02

(2) Cash-settled derivatives:

 

 

 

 

 

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

120,000

0.03

 

 

 

TOTAL:

2,398,802

0.68

74,959

0.02

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

Purchase

25,611

USD 38.39

$ common stock

Purchase

6,011

USD 38.47

$ common stock

Purchase

5,842

USD 38.77

$ common stock

Sale

25,000

USD 39.22

$ common stock

Purchase

11,882

USD 39.03

$ common stock

Purchase

3,669

USD 38.76

$ common stock

Purchase

5,551

USD 38.57

$ common stock

Purchase

5,311

USD 38.51

$ common stock

Purchase

7,579

USD 38.85

$ common stock

Purchase

200

USD 38.68

$ common stock

Purchase

3,700

USD 38.75

$ common stock

Purchase

8,259

USD 38.91

$ common stock

Purchase

1,339

USD 38.54

$ common stock

Purchase

838

USD 38.59

$ common stock

Purchase

7,543

USD 38.86

$ common stock

Purchase

4,059

USD 38.66

$ common stock

Purchase

4,470

USD 38.60

$ common stock

Purchase

600

USD 38.92

$ common stock

Purchase

18

USD 38.81

$ common stock

Purchase

1,505

USD 38.90

$ common stock

Purchase

3,997

USD 39.39

$ common stock

Sale

11,597

USD 38.55

$ common stock

Sale

721

USD 39.28

$ common stock

Purchase

5,000

USD 38.70

$ common stock

Purchase

9,260

USD 38.89

$ common stock

Purchase

900

USD 38.20

$ common stock

Sale

100

USD 37.58

$ common stock

Purchase

4,416

USD 38.91

$ common stock

Purchase

7,260

USD 38.76

$ common stock

Purchase

13,902

USD 38.47

$ common stock

Purchase

2,920

USD 38.70

$ common stock

Purchase

3,421

USD 39.06

$ common stock

Purchase

180,513

USD 39.32

$ common stock

Purchase

144,405

USD 39.39

$ common stock

Purchase

571

USD 38.68

$ common stock

Purchase

604

USD 38.69

$ common stock

Purchase

5,043

USD 38.47

$ common stock

Purchase

15,331

USD 38.49

$ common stock

Sale

327

USD 38.94

$ common stock

Purchase

6,118

USD 38.72

$ common stock

Purchase

12,497

USD 39.10

$ common stock

Purchase

8,800

USD 39.12

$ common stock

Purchase

7,300

USD 38.84

$ common stock

Sale

32,416

USD 38.42

$ common stock

Purchase

9,478

USD 39.10

$ common stock

Purchase

11,241

USD 39.10

$ common stock

Purchase

2,655

USD 39.39

$ common stock

Purchase

5,800

USD 38.85

$ common stock

Purchase

38,261

USD 37.88

$ common stock

Purchase

25,253

USD 38.91

$ common stock

Purchase

11,420

USD 38.88

$ common stock

Purchase

4,959

USD 38.60

$ common stock

Purchase

6,436

USD 38.47

$ common stock

Purchase

6,696

USD 38.45

$ common stock

Purchase

5,500

USD 38.71

$ common stock

Purchase

18,005

USD 39.00

$ common stock

Purchase

600

USD 38.67

$ common stock

Purchase

16,414

USD 38.90

$ common stock

Purchase

6,693

USD 38.98

$ common stock

Purchase

17,003

USD 39.09

$ common stock

Purchase

6,701

USD 39.04

$ common stock

Purchase

4,100

USD 39.05

$ common stock

Purchase

2,331

USD 39.36

$ common stock

Purchase

600

USD 38.66

$ common stock

Purchase

8,505

USD 39.00

$ common stock

Purchase

4,229

USD 38.71

$ common stock

Sale

32,552

USD 38.44

$ common stock

Purchase

26,022

USD 38.90

$ common stock

Purchase

2,163

USD 38.42

$ common stock

Purchase

22,024

USD 38.75

$ common stock

Purchase

9,900

USD 39.12

$ common stock

Purchase

11,218

USD 39.17

$ common stock

Purchase

900

USD 38.55

$ common stock

Purchase

7,454

USD 38.75

$ common stock

Purchase

5,418

USD 38.68

$ common stock

Purchase

10,151

USD 38.49

$ common stock

Purchase

10,400

USD 38.70

$ common stock

Purchase

247

USD 38.69

$ common stock

Purchase

7,587

USD 38.68

$ common stock

Purchase

10,964

USD 38.38

(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”

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”

 

 

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Yes

Date of disclosure:

28/03/2024

Contact name:

Jack Satt

Telephone number*:

+44 208 164 3693

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.

*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:

Balyasny Asset Management LP

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

Call Option

Purchased

40,000

USD 40

American

12/04/2024

$ common stock

Call Option

Purchased

80,000

USD 40

American

12/04/2024

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 +44 (0)20 7638 0129.

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

Category Code: RET
Sequence Number: 1218125
Time of Receipt (offset from UTC): 20240328T133022+0000

Contacts

Balyasny Asset Management LP

Contacts

Balyasny Asset Management LP