This document is a Supplemental Form 8 (Open Positions) submitted to the Takeover Panel’s Market Surveillance Unit. It provides information about open stock-settled derivative positions, agreements to purchase or sell relevant securities, and other dealings related to International Paper Company.
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: $ common stock
- Product description:
- Put Option, Purchased 150,000 units, Exercise price per unit: USD 52.5, Type: American, Expiry date: 16/01/2026
- Put Option, Purchased 30,100 units, Exercise price per unit: USD 55, Type: American, Expiry date: 16/01/2026
3. AGREEMENTS TO PURCHASE OR SALE ETC
- Full details of any agreements to purchase or sell relevant securities are not provided in this document.
4. OTHER INFORMATION
- Indemnity and other dealing arrangements: None
- Agreements, arrangements or understandings relating to options or derivatives: None
- Attachments: A Supplemental Form 8 (Open Positions) is attached.
Note that the document provides a detailed breakdown of Balyasny Asset Management LP’s open stock-settled derivative positions and agreements related to International Paper Company. The information is provided in accordance with Rule 8 of the Takeover Code, which requires companies to disclose certain information about their holdings and dealings in relation to takeover bids.
Here are some key points from the document:
- Balyasny Asset Management LP has purchased two Put Options for $ common stock: one for 150,000 units at USD 52.5 with an expiry date of 16/01/2026, and another for 30,100 units at USD 55 with an expiry date of 16/01/2026.
- The company has no agreements to purchase or sell relevant securities in relation to International Paper Company.
- There are no indemnity arrangements or other dealing agreements related to the takeover bid.
Overall, this document provides a detailed and transparent disclosure of Balyasny Asset Management LP’s holdings and dealings related to International Paper Company.
