REG-Balyasny Asset Management LP Form 8.3 - International Paper Company
03/02/2025 15:30
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Form 8.3 - International Paper Company
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: 31/01/2025
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: 2,582,659 0.74 1,521,636 0.43
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to 180,100 0.05
purchase/sell:
2,582,659 0.74 1,701,736 0.48
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 1,065 USD 55.45
$ Common Stock Sale 6,809 USD 55.53
$ Common Stock Sale 13,550 USD 55.53
$ Common Stock Sale 9,758 USD 55.54
$ Common Stock Sale 1,207 USD 55.55
$ Common Stock Purchase 95,482 USD 55.56
$ Common Stock Purchase 4,464 USD 55.56
$ Common Stock Sale 8,911 USD 55.56
$ Common Stock Sale 900 USD 55.57
$ Common Stock Sale 66,682 USD 55.57
$ Common Stock Purchase 4,518 USD 55.58
$ Common Stock Sale 2,300 USD 55.58
$ Common Stock Sale 40,468 USD 55.59
$ Common Stock Purchase 8,972 USD 55.60
$ Common Stock Sale 66,683 USD 55.62
$ Common Stock Sale 4,500 USD 55.62
$ Common Stock Purchase 5,803 USD 55.63
$ Common Stock Purchase 8,290 USD 55.63
$ Common Stock Purchase 2,193 USD 55.63
$ Common Stock Purchase 207 USD 55.63
$ Common Stock Purchase 21,130 USD 55.63
$ Common Stock Sale 33,640 USD 55.63
$ Common Stock Purchase 7 USD 55.63
$ Common Stock Purchase 387 USD 55.63
$ Common Stock Purchase 427 USD 55.63
$ Common Stock Sale 819 USD 55.63
$ Common Stock Sale 100 USD 55.63
$ Common Stock Sale 100,000 USD 55.63
$ Common Stock Sale 10,939 USD 55.63
$ Common Stock Sale 139,970 USD 55.63
$ Common Stock Sale 7 USD 55.63
$ Common Stock Sale 10,939 USD 55.63
$ Common Stock Sale 3 USD 55.63
$ Common Stock Sale 12,850 USD 55.63
$ Common Stock Purchase 1,717 USD 55.64
$ Common Stock Purchase 2,766 USD 55.64
$ Common Stock Purchase 2,109 USD 55.64
$ Common Stock Sale 7,091 USD 55.64
$ Common Stock Sale 1,500 USD 55.65
$ Common Stock Sale 7,259 USD 55.65
$ Common Stock Purchase 348 USD 55.67
$ Common Stock Purchase 200 USD 55.70
$ Common Stock Sale 2,783 USD 55.70
$ Common Stock Sale 5,960 USD 55.71
$ Common Stock Sale 4,000 USD 55.71
$ Common Stock Sale 10,115 USD 55.71
$ Common Stock Purchase 296 USD 55.73
$ Common Stock Sale 4,073 USD 55.73
$ Common Stock Sale 6,161 USD 55.73
$ Common Stock Sale 4,671 USD 55.74
$ Common Stock Sale 1,122 USD 55.76
$ Common Stock Sale 26,830 USD 55.76
$ Common Stock Purchase 6,000 USD 55.77
$ Common Stock Sale 2,649 USD 55.78
$ Common Stock Sale 1,276 USD 55.78
$ Common Stock Sale 2,100 USD 55.78
$ Common Stock Sale 1,642 USD 55.81
$ Common Stock Purchase 395 USD 55.82
$ Common Stock Sale 6,005 USD 55.84
$ Common Stock Purchase 8,154 USD 55.87
$ Common Stock Purchase 2,142 USD 55.95
$ Common Stock Purchase 263 USD 56.03
$ Common Stock Sale 602 USD 56.07
$ Common Stock Sale 5,384 USD 56.08
$ Common Stock Sale 268 USD 56.12
$ Common Stock Sale 400 USD 56.14
$ Common Stock Purchase 4,500 USD 56.15
$ Common Stock Sale 7 USD 56.15
$ Common Stock Sale 2,000 USD 56.15
$ Common Stock Sale 31 USD 56.15
$ Common Stock Purchase 10,599 USD 56.16
$ Common Stock Sale 782 USD 56.19
$ Common Stock Sale 729 USD 56.24
$ Common Stock Sale 1,187 USD 56.26
$ Common Stock Sale 1,759 USD 56.27
$ Common Stock Sale 1,654 USD 56.33
$ Common Stock Sale 2,134 USD 56.34
$ Common Stock Purchase 1,790 USD 56.35
$ Common Stock Sale 13,098 USD 56.36
$ Common Stock Sale 2,455 USD 56.38
$ Common Stock Sale 2,716 USD 56.40
$ Common Stock Sale 2,600 USD 56.42
$ Common Stock Sale 41,739 USD 56.43
$ Common Stock Sale 19,553 USD 56.43
$ Common Stock Sale 2,900 USD 56.44
$ Common Stock Sale 100 USD 56.46
$ Common Stock Sale 9,101 USD 56.47
$ Common Stock Purchase 639 USD 56.48
$ Common Stock Purchase 8,131 USD 56.50
$ Common Stock Purchase 7,413 USD 56.51
$ Common Stock Sale 4,313 USD 56.51
$ Common Stock Sale 5,526 USD 56.51
$ Common Stock Sale 3,642 USD 56.53
$ Common Stock Sale 4,549 USD 56.56
$ Common Stock Purchase 10,000 USD 56.58
$ Common Stock Sale 1,713 USD 56.64
$ Common Stock Sale 1,900 USD 56.66
$ Common Stock Sale 2,100 USD 56.67
$ Common Stock Sale 7,982 USD 56.67
$ Common Stock Purchase 10,000 USD 56.76
$ Common Stock Purchase 131 USD 56.77
$ Common Stock Purchase 20,000 USD 56.80
$ Common Stock Sale 7,568 USD 56.80
$ Common Stock Purchase 38,451 USD 56.83
$ Common Stock Sale 1,760 USD 56.84
$ Common Stock Sale 10,331 USD 56.85
$ Common Stock Sale 7,211 USD 56.89
$ Common Stock Purchase 1,072 USD 56.97
$ Common Stock Purchase 1,931 USD 57.07
$ Common Stock Sale 1,700 USD 57.17
$ Common Stock Sale 5,571 USD 57.18
$ Common Stock Purchase 1,000 USD 57.21
$ Common Stock Purchase 1,513 USD 57.27
$ Common Stock Sale 2,430 USD 57.28
$ Common Stock Sale 54 USD 57.28
$ Common Stock Purchase 20,000 USD 57.29
$ Common Stock Sale 200 USD 57.32
$ Common Stock Sale 1,700 USD 57.34
$ Common Stock Sale 1,597 USD 57.35
$ Common Stock Sale 787 USD 57.40
$ Common Stock Purchase 769 USD 57.41
$ Common Stock Sale 2,373 USD 57.42
$ Common Stock Purchase 77 USD 57.43
$ Common Stock Sale 1,700 USD 57.47
$ Common Stock Purchase 402 USD 57.49
$ Common Stock Sale 10 USD 57.49
$ Common Stock Purchase 603 USD 57.51
$ Common Stock Sale 96 USD 57.52
$ Common Stock Sale 700 USD 57.54
$ Common Stock Sale 2,400 USD 57.57
$ Common Stock Sale 700 USD 57.63
$ Common Stock Purchase 77 USD 57.64
$ Common Stock Sale 5,447 USD 57.65
$ Common Stock Purchase 245 USD 57.66
$ Common Stock Sale 1,402 USD 57.68
$ Common Stock Purchase 103 USD 57.68
$ Common Stock Sale 3,533 USD 57.68
$ Common Stock Sale 1,675 USD 57.68
$ Common Stock Sale 4,000 USD 57.68
$ Common Stock Sale 26 USD 57.70
$ Common Stock Sale 4,100 USD 57.75
$ Common Stock Sale 1,239 USD 57.76
$ Common Stock Purchase 1 USD 57.80
$ Common Stock Sale 1,200 USD 57.80
$ Common Stock Sale 3,638 USD 57.88
$ Common Stock Sale 3,797 USD 57.94
$ Common Stock Sale 714 USD 57.94
$ Common Stock Sale 80 USD 57.94
$ Common Stock Sale 4,895 USD 57.97
$ Common Stock Purchase 18 USD 57.99
(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: 03/02/2025
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=54198453&newsitemid=20250203865721&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=7c1a987d76e61706e03879087c0b4432)
.
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=54198453&newsitemid=20250203865721&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=2&md5=aa5d39fc19580ab5ced7ebc4b86bcc75)
.
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Balyasny Asset Management LP
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