Close the acquisition of 3M's Food Safety business

Delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 14 Dec 2021
Due: 30 Sep 2022
Delivered: 1 Sep 2022

Deadline
Met
Late
Not met
Today

What the company said

“The transaction is expected to close by the end of Q3 2022, subject to approval by NEOGEN shareholders, receipt of required regulatory approvals and the satisfaction of other customary closing conditions.”

SourceNeogen Corp. Form 8-K press release, 2021-12-14
FilingSEC filing index
Deadline as statedby the end of Q3 2022
Deadline used30 Sep 2022, the last day of the stated period
TypeTransaction
Permanent referenceKI-C-2021-NEOG-003089
Cite as https://keptindex.org/c/KI-C-2021-NEOG-003089/ — this address never changes.

What we found

Evidence strength A What the grades mean

Neogen successfully closed the acquisition of 3M's Food Safety business on September 1, 2022, which is within the Q3 2022 deadline.

A
Neogen Corp. 10-Q filed 2022-09-30 Regulatory filing · published 30 Sep 2022 · retrieved 1 Oct 2026 · kept permanently by the SEC · fingerprint 414aac686257
“On September 1, 2022, after the close of the first quarter, Neogen, 3M, and Garden SpinCo, a newly formed subsidiary of 3M created to carve out 3M’s Food Safety business, closed on the transaction” ✓ confirmed on the page

Market reaction: the shares moved -5.4% against the S&P 500 over the three sessions around the disclosure (29 Sep 2022 to 4 Oct 2022). What this measures

Checked 1 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

3 versions

Version 1 · original · stated 14 Dec 2021

Deadline 30 Sep 2022 (“by the end of Q3 2022”) · wording expected
Version 2 · stated 22 Dec 2021

Deadline 31 Dec 2022 (“next year”) · wording firm

“just last week we announced an agreement to combine 3M’s Food Safety business with our existing operations, a transformative transaction that will nearly double the size of our business and significantly enhance our financial profile”
Source for this version
Version 3 · stated 27 Jul 2022

Deadline 30 Sep 2022 (“third quarter of calendar year 2022”) · wording firm

“3M Food Safety transaction on track to close in the third quarter of calendar year 2022”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Acquisition close
Indicative materiality: High rules
Action: Close
Deliverable: 3M's Food Safety business acquisition
Language: Expected (“expects”, “plans”)
In the company’s control: Medium
Specificity: High
Conditional: Yes: approval by NEOGEN shareholders; receipt of required regulatory approvals; satisfaction of other customary closing conditions
Depends on: Regulatory, Shareholder

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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