Close the Tikkurila and Wörwag acquisitions
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
- 15 Apr 2021
- Due
- 30 Jun 2021
- Delivered
- 10 Jun 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“expect the Tikkurila and Wörwag acquisitions to close in the second quarter”
What we found
Evidence strength A What the grades mean
PPG Industries successfully completed the acquisitions of Tikkurila and Wörwag during the second quarter of 2021, meeting its stated commitment.
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A PPG Industries 8-K filed 2021-07-19
“Completed Tikkurila, Wörwag, and Cetelon acquisitions in the quarter.” ✓ confirmed on the page
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A PPG Industries 10-Q filed 2021-07-20
“On June 10, 2021, PPG completed its tender offer for all of the outstanding shares of Tikkurila Ojy ("Tikkurila").” ✓ confirmed on the page
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A PPG Industries 10-Q filed 2021-07-20
“On May 14, 2021, PPG completed the acquisition of Wörwag” ✓ confirmed on the page
Market reaction: the shares moved -6.9% against the S&P 500 over the three sessions around the disclosure (16 Jul 2021 to 21 Jul 2021). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Transaction other
- Indicative materiality
- Medium rules
- Action
- Close
- Deliverable
- Tikkurila and Wörwag acquisitions
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to closing conditions
- Depends on
- Counterparty
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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Report an error in this entry Reference: KI-C-2021-PPG-015393 · Corrections policy