Close the transaction with Arçelik A.Ş. to form a new European major domestic appliance entity
Delivered 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
- 17 Jan 2023
- Due
- 31 Dec 2023
- Delivered
- April 2024
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close in the second half of 2023 and is subject to additional requirements for closing, including obtaining regulatory approvals and other customary closing conditions.”
What we found
Evidence strength A What the grades mean
Whirlpool expected to close the Arçelik transaction in the second half of 2023, but filings indicate the transaction was completed in April 2024.
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A Whirlpool Corporation 10-K filed 2024-02-14
“signed an agreement in January 2023 to contribute our European major domestic appliance business to a newly formed entity with Arcelik, which transaction we expect to complete by April 2024.” ✓ confirmed on the page
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A Whirlpool Corporation 10-Q filed 2024-04-25
“In connection with the transaction, we recorded a loss on disposal of $247 million for the three months ended March 31, 2024.” ✓ confirmed on the page
Market reaction: the shares moved +0.0% against the S&P 500 over the three sessions around the disclosure (13 Feb 2024 to 16 Feb 2024). What this measures
Checked 21 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
- European major domestic appliance entity transaction
- Where
- Europe
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to additional requirements for closing, including obtaining regulatory approvals and other customary closing conditions
- Depends on
- Regulatory, 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 “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-2023-WHR-018623 · Corrections policy