Form 8.3 - International Paper Company

LONDON--(BUSINESS WIRE)-- 

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	04/10/2024
(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

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:	3,345,522	0.96	1,218,870	0.35
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:			180,100	0.05
TOTAL:	3,345,522	0.96	1,398,970	0.40

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	7,547	USD 47.71
$ Common Stock	Sale	5,094	USD 47.72
$ Common Stock	Sale	1,179	USD 47.74
$ Common Stock	Sale	2,736	USD 47.77
$ Common Stock	Sale	2,320	USD 47.78
$ Common Stock	Sale	3,423	USD 47.78
$ Common Stock	Sale	3,016	USD 47.79
$ Common Stock	Purchase	1	USD 47.80
$ Common Stock	Sale	6,454	USD 47.82
$ Common Stock	Sale	2,550	USD 47.83
$ Common Stock	Sale	1,294	USD 47.83
$ Common Stock	Sale	5,894	USD 47.83
$ Common Stock	Sale	1,896	USD 47.83
$ Common Stock	Sale	1,774	USD 47.83
$ Common Stock	Sale	2,061	USD 47.83
$ Common Stock	Sale	1,398	USD 47.84
$ Common Stock	Sale	2,882	USD 47.84
$ Common Stock	Sale	1,233	USD 47.84
$ Common Stock	Sale	1,527	USD 47.84
$ Common Stock	Sale	1,100	USD 47.86
$ Common Stock	Sale	1,027	USD 47.86
$ Common Stock	Sale	2,569	USD 47.86
$ Common Stock	Sale	4,072	USD 47.86
$ Common Stock	Sale	4,766	USD 47.87
$ Common Stock	Sale	3,867	USD 47.87
$ Common Stock	Purchase	4,524	USD 47.88
$ Common Stock	Sale	2,155	USD 47.89
$ Common Stock	Sale	1,268	USD 47.90
$ Common Stock	Sale	800	USD 47.90
$ Common Stock	Sale	2,300	USD 47.90
$ Common Stock	Sale	1,900	USD 47.90
$ Common Stock	Purchase	3	USD 47.91
$ Common Stock	Sale	5,407	USD 47.91
$ Common Stock	Sale	3,373	USD 47.93
$ Common Stock	Sale	1,739	USD 47.93
$ Common Stock	Sale	2,626	USD 47.94
$ Common Stock	Purchase	212	USD 47.94
$ Common Stock	Sale	768	USD 47.96
$ Common Stock	Sale	2,382	USD 47.96
$ Common Stock	Purchase	2,737	USD 47.96
$ Common Stock	Sale	401	USD 47.97
$ Common Stock	Purchase	387	USD 47.97
$ Common Stock	Sale	1,812	USD 47.97
$ Common Stock	Sale	4,326	USD 48.00
$ Common Stock	Sale	3,766	USD 48.01
$ Common Stock	Sale	2,427	USD 48.01
$ Common Stock	Purchase	22,941	USD 48.01
$ Common Stock	Sale	700	USD 48.04
$ Common Stock	Sale	2,067	USD 48.04
$ Common Stock	Purchase	233	USD 48.05
$ Common Stock	Sale	4,470	USD 48.07
$ Common Stock	Sale	2,103	USD 48.10
$ Common Stock	Sale	1,200	USD 48.11
$ Common Stock	Purchase	157	USD 48.11
$ Common Stock	Sale	1,800	USD 48.12
$ Common Stock	Sale	6,201	USD 48.12
$ Common Stock	Purchase	1,395	USD 48.12
$ Common Stock	Sale	5,669	USD 48.12
$ Common Stock	Sale	9	USD 48.12
$ Common Stock	Purchase	817	USD 48.13
$ Common Stock	Sale	2,742	USD 48.13
$ Common Stock	Sale	522	USD 48.14
$ Common Stock	Sale	1,537	USD 48.15
$ Common Stock	Sale	1,800	USD 48.15
$ Common Stock	Sale	3,600	USD 48.16
$ Common Stock	Sale	3,958	USD 48.17
$ Common Stock	Purchase	25,800	USD 48.18
$ Common Stock	Purchase	1,800	USD 48.19
$ Common Stock	Sale	2,394	USD 48.20
$ Common Stock	Sale	1,631	USD 48.20
$ Common Stock	Sale	1,500	USD 48.20
$ Common Stock	Sale	2,543	USD 48.21
$ Common Stock	Sale	900	USD 48.21
$ Common Stock	Purchase	4	USD 48.22
$ Common Stock	Purchase	89	USD 48.23
$ Common Stock	Purchase	912	USD 48.24
$ Common Stock	Sale	2,397	USD 48.25
$ Common Stock	Sale	1,448	USD 48.25
$ Common Stock	Purchase	50,000	USD 48.26
$ Common Stock	Sale	18,200	USD 48.26
$ Common Stock	Sale	3,612	USD 48.29
$ Common Stock	Sale	1,801	USD 48.31
$ Common Stock	Sale	25,070	USD 48.32
$ Common Stock	Purchase	363	USD 48.46
$ Common Stock	Sale	29,732	USD 48.52
$ Common Stock	Sale	1,679	USD 48.52
$ Common Stock	Sale	48,405	USD 48.53
$ Common Stock	Sale	880	USD 48.53

(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:	07/10/2024
Contact name:	Jack Satt
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 SALE 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	Put Option	Purchased	150,000	USD 52.5	American	16/01/2026
$ common stock	Put Option	Purchased	30,100	USD 55	American	16/01/2026

3. AGREEMENTS TO PURCHASE OR SALE 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.

Category Code: RET

Sequence Number: 1253690

Time of Receipt (offset from UTC): 20241007T142909+0100