REG-Balyasny Asset Management LP Form 8.3 - International Paper Co
31/01/2025 15:15
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Form 8.3 - International Paper Co
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 International Paper Company
relates:
Use a separate form for each offeror/offeree
(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: 30/01/2025
For an opening position disclosure, state the latest practicable date prior to
the disclosure
(f) In addition to the company in 1(c) above, is the discloser making YES:
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”
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: 3,160,270 0.90 1,560,087 0.44
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to 180,100 0.05
purchase/sell:
3,160,270 0.90 1,740,187 0.50
TOTAL:
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 1,859 USD 56.13
$ Common Stock Sale 4,005 USD 56.92
$ Common Stock Sale 7,636 USD 55.73
$ Common Stock Sale 27,175 USD 57
$ Common Stock Sale 5,719 USD 56.37
$ Common Stock Sale 15,753 USD 57.36
$ Common Stock Purchase 40,000 USD 56.67
$ Common Stock Sale 709 USD 57.55
$ Common Stock Sale 7,091 USD 56.8
$ Common Stock Sale 6,382 USD 56.01
$ Common Stock Sale 1,900 USD 56.61
$ Common Stock Sale 2,856 USD 56.61
$ Common Stock Sale 2,900 USD 56.24
$ Common Stock Sale 6,927 USD 56.22
$ Common Stock Sale 29,373 USD 56.95
$ Common Stock Sale 31,526 USD 57.16
$ Common Stock Sale 6,370 USD 56.9
$ Common Stock Purchase 86,386 USD 56.89
$ Common Stock Sale 3 USD 56.38
$ Common Stock Sale 31,589 USD 56.83
$ Common Stock Sale 6,241 USD 56.93
$ Common Stock Sale 4,073 USD 56.78
$ Common Stock Sale 649 USD 56.69
$ Common Stock Purchase 1,604 USD 56.94
$ Common Stock Sale 1,100 USD 55.29
$ Common Stock Sale 3,275 USD 57.14
$ Common Stock Sale 2,300 USD 57.41
$ Common Stock Sale 213 USD 57.33
$ Common Stock Sale 2,549 USD 57.27
$ Common Stock Sale 11,740 USD 56.78
$ Common Stock Purchase 330 USD 56.81
$ Common Stock Purchase 6 USD 56.69
$ Common Stock Purchase 5,000 USD 55.84
$ Common Stock Sale 26,427 USD 56.82
$ Common Stock Purchase 3,132 USD 57.02
$ Common Stock Sale 5,964 USD 56.87
$ Common Stock Sale 52 USD 56.98
$ Common Stock Sale 88 USD 55.02
$ Common Stock Sale 24,357 USD 56.99
$ Common Stock Purchase 1,168 USD 57.05
$ Common Stock Sale 15,106 USD 56.79
$ Common Stock Purchase 8,500 USD 56.7
$ Common Stock Sale 5,356 USD 56.9
$ Common Stock Sale 1,600 USD 57
$ Common Stock Sale 4,405 USD 56.68
$ Common Stock Purchase 8,500 USD 57.02
$ Common Stock Sale 2,200 USD 56.61
$ Common Stock Purchase 8,725 USD 57.19
$ Common Stock Sale 3,200 USD 55.58
$ Common Stock Sale 8,054 USD 56.85
$ Common Stock Sale 19,982 USD 56.91
$ Common Stock Sale 15,620 USD 56.79
$ Common Stock Purchase 8,500 USD 57.13
$ Common Stock Purchase 10,000 USD 56.93
$ Common Stock Sale 3,403 USD 56.92
$ Common Stock Sale 845 USD 57.28
$ Common Stock Purchase 244 USD 56.89
$ Common Stock Sale 3,344 USD 57.56
$ Common Stock Sale 7,941 USD 57.53
$ Common Stock Sale 4,365 USD 57.42
$ Common Stock Purchase 1,518 USD 57.04
$ Common Stock Purchase 8,828 USD 56.76
$ Common Stock Sale 8,361 USD 56.68
$ Common Stock Sale 1,094 USD 57.24
$ Common Stock Sale 2,571 USD 57.22
$ Common Stock Purchase 36,644 USD 55.67
$ Common Stock Sale 14,327 USD 56.66
$ Common Stock Sale 20,000 USD 57.14
$ Common Stock Sale 2,720 USD 57.28
$ Common Stock Sale 1,292 USD 57.45
$ Common Stock Sale 725 USD 56.74
$ Common Stock Sale 6,458 USD 56.2
$ Common Stock Purchase 633 USD 56.79
$ Common Stock Purchase 654 USD 56.99
$ Common Stock Purchase 394 USD 56.89
$ Common Stock Purchase 559 USD 57.01
$ Common Stock Sale 2,461 USD 56.78
$ Common Stock Purchase 138 USD 57.05
$ Common Stock Sale 352 USD 56.77
$ Common Stock Sale 7,080 USD 56.95
$ Common Stock Sale 7,686 USD 56.84
$ Common Stock Sale 11,683 USD 57.11
$ Common Stock Purchase 306 USD 56.64
$ Common Stock Purchase 109,821 USD 56.61
$ Common Stock Sale 200 USD 57.29
$ Common Stock Sale 1,457 USD 57.21
$ Common Stock Purchase 40,675 USD 56.01
$ Common Stock Sale 6,000 USD 56.78
$ Common Stock Sale 1,981 USD 57.15
$ Common Stock Sale 552 USD 57.26
$ Common Stock Sale 2,783 USD 55.89
$ Common Stock Sale 3,542 USD 55.8
$ Common Stock Purchase 47 USD 57.23
$ Common Stock Sale 11,209 USD 56.72
$ Common Stock Purchase 12 USD 56.56
$ Common Stock Sale 21,010 USD 56.62
$ Common Stock Purchase 238 USD 56.88
$ Common Stock Sale 9,672 USD 56.69
$ Common Stock Purchase 708 USD 56.79
$ Common Stock Sale 8,844 USD 56.9
$ Common Stock Sale 9,808 USD 57.12
$ Common Stock Sale 85 USD 56.91
$ Common Stock Sale 10,000 USD 54.88
$ Common Stock Sale 3,226 USD 56.25
$ Common Stock Sale 2,669 USD 55.02
$ Common Stock Sale 9,367 USD 56.22
$ Common Stock Sale 4,200 USD 56.22
$ Common Stock Sale 30,000 USD 56.88
$ Common Stock Sale 91 USD 57.05
$ Common Stock Sale 14,293 USD 56.5
$ Common Stock Purchase 64 USD 56.84
$ Common Stock Purchase 17,794 USD 56.95
$ Common Stock Sale 3,182 USD 57.61
$ Common Stock Purchase 886 USD 56.89
$ Common Stock Sale 61,144 USD 57.05
$ Common Stock Sale 7,707 USD 56.61
$ Common Stock Sale 4,620 USD 57.61
$ Common Stock Purchase 212 USD 57.13
$ Common Stock Sale 8,973 USD 55.71
$ Common Stock Purchase 176 USD 55.25
$ Common Stock Sale 41,682 USD 56.99
$ Common Stock Purchase 5,000 USD 57.1
$ Common Stock Purchase 40,000 USD 56.71
$ Common Stock Purchase 93 USD 56.68
$ Common Stock Sale 14,906 USD 54.85
$ Common Stock Purchase 22,058 USD 57.2
$ Common Stock Purchase 15 USD 56.94
$ Common Stock Sale 11,269 USD 57.12
$ Common Stock Sale 8,295 USD 56.91
$ Common Stock Sale 2,491 USD 57.28
$ Common Stock Sale 10,000 USD 54.57
$ Common Stock Sale 9,081 USD 56.58
$ Common Stock Sale 43,496 USD 57.01
$ Common Stock Sale 4 USD 57.07
$ Common Stock Sale 14,081 USD 55.8
$ Common Stock Purchase 1,323 USD 57.05
$ Common Stock Sale 3,750 USD 56.5
$ Common Stock Sale 5,122 USD 56.8
$ Common Stock Sale 31,403 USD 56.91
$ Common Stock Purchase 4,602 USD 57.04
$ Common Stock Sale 14 USD 56.28
$ Common Stock Sale 1,816 USD 57.02
$ Common Stock Purchase 2,106 USD 56.93
$ Common Stock Sale 723 USD 57.52
$ Common Stock Sale 6,004 USD 57.2
$ Common Stock Sale 3,077 USD 56.38
$ Common Stock Sale 437 USD 56.91
$ Common Stock Sale 4,533 USD 55.53
$ Common Stock Sale 1,790 USD 56.78
$ Common Stock Purchase 2,226 USD 56.93
$ Common Stock Sale 7,510 USD 56.72
$ Common Stock Sale 25,209 USD 56.88
$ Common Stock Sale 7,031 USD 56.91
$ Common Stock Sale 4,793 USD 57.23
$ Common Stock Sale 5,281 USD 57.13
$ Common Stock Sale 1,100 USD 57.15
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD
e.g. opening/closing a long/short position, increasing/reducing a long/short
position
(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 Expiry date Option money paid/ received per unit
e.g. American, European etc.
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
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: 31/01/2025
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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54197180&newsitemid=20250131189443&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=0027b8b457e849fb3baa2940d661fab1)
.
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 International Paper Company
disclosure relates:
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 Expiry date
e.g. American, European etc.
$ 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54197180&newsitemid=20250131189443&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=2&md5=0a50fe67d2fa4284a9487212e700cbae)
.
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Balyasny Asset Management LP
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