OGN Organon & Co.

BULLISH Impact: 8/10 8-K
Horizon months Filed Apr 27, 2026 Processed 1mo ago SEC 0001193125-26-178718
8-K material event: Items 1.01
Latest settled — T+20d ⚠ clustered
OGN ▲ +1.94% at T+20d
LONG call ✓ call won +1.94% · α vs SPY -3.02% · entry $13.16 → $13.41
Next anchor: T+60d in 6w
Currently $13.44 · +2.17% from $13.16 entry
Entry anchored
Apr 24, 07:51 PM ET
via Databento tick
T+1d
+1.22%
call +1.22% · α +1.70%
$13.32
settled 7w ago
T+5d
+0.76%
call +0.76% · α +0.36%
$13.26
settled 6w ago
T+20d
+1.94%
call +1.94% · α -3.02%
$13.41
settled 18d ago
T+60d
call — · α —
in 6w

Price Chart

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Executive Summary

Organon & Co. has entered into a definitive merger agreement with Sun Pharmaceutical, under which Sun Pharma will acquire all outstanding shares of Organon for $14.00 per share in cash, representing a 103% premium. The deal values Organon at an enterprise value of $11.75 billion and is subject to regulatory approvals and shareholder vote. Concurrently, Organon appointed Joseph Morrissey as permanent CEO and Carrie Cox as Executive Chair on a non-interim basis.

Key Financial Metrics

Deal Value
$11.8B
Premium
103%

Actionable Insight

Monitor regulatory approval timelines and the upcoming shareholder vote, as these are key milestones for deal closure. The significant premium suggests strong strategic value, but integration risks and potential antitrust scrutiny should be watched.

Key Facts

  • Sun Pharmaceutical will acquire Organon for $14.00 per share in cash, a 103% premium to the unaffected trading price.
  • The transaction has an enterprise value of $11.75 billion.
  • The deal is expected to close in early 2027, subject to regulatory approvals and Organon shareholder approval.
  • Joseph Morrissey was appointed as permanent CEO, and Carrie Cox as Executive Chair on a non-interim basis.
  • The merger agreement includes a $120 million termination fee if Organon accepts a superior proposal.

Financial Impact

The acquisition values Organon at an enterprise value of $11.75 billion, with shareholders receiving $14.00 per share in cash.

enterprise valueshare priceequity value

Risk Factors

  • Regulatory approvals may be delayed or denied, particularly from antitrust authorities.
  • Organon shareholders may not approve the merger, especially if a superior offer emerges.
  • Integration challenges could impact the combined company's performance.

Market Snapshot

Exchange
NYSE
Sector
Pharmaceutical Preparations
Analyst Consensus
6% bullish (16 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-178718
Document: d38652d8k.htm0001193125-26-178718
Document: d38652dex991.htm0001193125-26-178718
Document: 0001193125-26-178718-index-headers.html0001193125-26-178718
Document: 0001193125-26-178718-index.html0001193125-26-178718
Document: 0001193125-26-178718.txt0001193125-26-178718
11 reports for OGN
Performance horizon
80% Hit rate 4 of 5 directional calls best @ T+20▲ +1.94%Apr 27, 2026
Filters
Rows
Reports for OGN — sortable, filterable
Type Now
Jun 11, 2026
2d ago
DEFA14A
NEUTRAL ★ 3/10
$13.38 awaiting T+5awaiting T+5$13.44 (+0.45%)
Jun 1, 2026
12d ago
PREM14A
BULLISH ★ 8/10
$13.37 $13.36▼ −0.04%▲ +2.71%$13.44 (+0.56%)
Apr 30, 2026
6w ago
DEFA14A
NEUTRAL ★ 3/10
$13.25 $13.31▲ +0.45%▼ −1.27%$13.44 (+1.47%)
Apr 30, 2026
6w ago
8-K
BEARISH ★ 6/10
$13.25 $13.31▼ −0.45%▲ +1.27%$13.44 (−1.47%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 7/10
$13.32 $13.26▼ −0.41%▼ −2.10%$13.44 (+0.94%)
Apr 27, 2026
6w ago
DEFA14A
NEUTRAL ★ 5/10
$13.32 $13.26▼ −0.41%▼ −2.10%$13.44 (+0.94%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 9/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.44 (+2.17%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 8/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.44 (+2.17%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 8/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.44 (+2.17%)
Apr 24, 2026
7w ago
DEFA14A
NEUTRAL ★ 2/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.44 (+2.17%)
Showing 10 of 11

US Market Status

Market Closed — Opens Mon (48h 14m)

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