Close the acquisition of Zardoya Otis
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
- 23 Sep 2021
- Due
- 30 Jun 2022
- Delivered
- Q2 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is structured as an all-cash voluntary tender offer with an intention to delist Zardoya Otis from the Madrid, Barcelona, Bilbao and Valencia Stock exchanges and is expected to close in the second quarter”
What we found
Evidence strength A What the grades mean
Otis completed the acquisition and settlement of the remaining Zardoya Otis shares and delisted the company during the second quarter of 2022, meeting its stated commitment.
-
A Otis Worldwide 10-Q filed 2022-07-28
“The acquisition and settlement of the remaining issued and outstanding shares not owned by the Company for approximately €150 million (based on the adjusted tender price of €7.07 per share) and the automatic delisting of Zardoya Otis shares occurred during the second quarter of 2022.” ✓ confirmed on the page
-
A Otis Worldwide 10-Q filed 2022-07-28
“The acquisition and settlement of the remaining issued and outstanding shares of Zardoya Otis not owned by the Company for approximately €150 million occurred in the second quarter, with the automatic delisting of Zardoya Otis shares on May 9, 2022.” ✓ confirmed on the page
Market reaction: the shares moved -0.0% against the S&P 500 over the three sessions around the disclosure (27 Jul 2022 to 1 Aug 2022). What this measures
Checked 12 Oct 2026.
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
- acquisition of Zardoya Otis
- Where
- Spain
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to its approval by the Spanish Securities Exchange Commission
- Depends on
- Regulatory
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
Are you Otis Worldwide? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2021-OTIS-008212 · Corrections policy