{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-21-032145","form_type":"8-K","ticker":"OTIS","cik":"0001781335","company_name":"Otis Worldwide Corp","filed_at":"2021-09-23T23:59:59+00:00","discovered_at":"2026-05-14T18:04:19.635668+00:00","generated_at":"2026-06-29T01:50:24.903652+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Otis launches €7.00/share tender offer for remaining 49.99% of Zardoya Otis; expects Q2 2022 close","bullets":["Offer price of €7.00/share in cash represents a 28.9% premium to Zardoya Otis' 1-month VWAP; total equity value €3.3B including Otis' existing stake.","Transaction financed with €1.65B bridge facility from Morgan Stanley; Otis plans to replace with permanent debt and repay $800M existing debt in 2022.","Expected to close in Q2 2022, subject to Spanish regulator (CNMV) approval; Otis intends to delist Zardoya Otis from Spanish exchanges.","Accretion: up to mid-single digit percentage to adjusted run-rate EPS; 2022 EPS accretion of 3-5 cents; up to $80M increase in cash for deployment.","Zardoya Otis generated €801M revenue and €223M EBITDA (28% margin) for 12 months ending May 2021; no significant employment changes expected."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-21-032145","json":"https://secwatch.observer/filing/0001140361-21-032145.json","markdown":"https://secwatch.observer/filing/0001140361-21-032145.md","text":"https://secwatch.observer/filing/0001140361-21-032145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1781335/000114036121032145/0001140361-21-032145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1781335/000114036121032145/ny20000774x1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T01:50:24.903652+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}