Philip Morris International Inc.
Initiate settlement of the cash offer for Swedish Match AB
Delivered after the deadline (15 days after the deadline)
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 9 Aug 2022
- Due
- 27 Oct 2022
- Delivered
- 11 Nov 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“If such announcement takes place on October 24, 2022, at the latest, settlement is expected to be initiated around October 27, 2022.”
What we found
Evidence strength A What the grades mean
The company did not initiate settlement by the expected date of October 27, 2022, instead declaring the offer unconditional and initiating settlement on November 11, 2022.
-
A Philip Morris International Inc. 8-K filed 2022-11-07
“Settlement for shares tendered in the Offer up to and including November 4, 2022, is expected to be initiated, around November 11, 2022.” ✓ confirmed on the page
Market reaction: the shares moved +1.7% against the S&P 500 over the three sessions around the disclosure (4 Nov 2022 to 9 Nov 2022). What this measures
Checked 3 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.
- Deadline drift +15 days
- 2 versions
-
Version 1 · original · stated 9 Aug 2022
Deadline 27 Oct 2022 (“around October 27, 2022”) · wording expected
-
Version 2 · stated 20 Oct 2022
Deadline 11 Nov 2022 (“around November 11, 2022”) · wording expected
“settlement is expected to be initiated around November 11, 2022.”
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
- Initiate
- Deliverable
- Settlement of Swedish Match offer
- Where
- Sweden
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: conditions for the Offer have been fulfilled
- 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: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Not met”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
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Report an error in this entry Reference: KI-C-2022-PM-004493 · Corrections policy