Complete the settlement of the note receivable and note payable with Copeland
Not delivered by 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
- 2 Jun 2023
- Due
- 30 Sep 2023
- Checked
- 5 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Pursuant to the transaction agreement, the settlement of the note receivable and note payable will be completed no later than September 30, 2023.”
What we found
Evidence strength A What the grades mean
The company did not settle the note receivable with Copeland by the September 30, 2023 deadline; it was still held as an asset and later sold in August 2024.
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A Emerson Electric Co. 10-Q filed 2024-08-07
“On June 6, 2024, the Company entered into definitive agreements to sell its 40 percent non-controlling common equity interest in Copeland to private equity funds managed by Blackstone for $1.5 billion and its note receivable to Copeland for $1.9 billion.” ✓ confirmed on the page
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A Emerson Electric Co. 10-K filed 2024-11-12
“On June 6, 2024, the Company entered into definitive agreements to sell its 40 percent non-controlling common equity interest in Copeland to private equity funds managed by Blackstone for $1.5 billion and its note receivable to Copeland for $1.9 billion, and the transactions were subsequently comple” ✓ confirmed on the page
Market reaction: the shares moved -5.9% against the S&P 500 over the three sessions around the disclosure (6 Aug 2024 to 9 Aug 2024). What this measures
Checked 5 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
- Complete
- Deliverable
- settlement of the note receivable and note payable
- Language
- Firm (“will”, “on track to”)
- In the company’s control
- High
- Specificity
- High
- 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: disagreesClaude (Anthropic) re-read the evidence blind and read it as “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-2023-EMR-004662 · Corrections policy