OGN Organon & Co.

BULLISH Impact: 7/10 DEFA14A
Horizon months Filed Apr 27, 2026 Processed 1mo ago SEC 0001193125-26-182416
Proxy solicitation materials
Latest settled — T+20d ⚠ clustered
OGN ▲ +0.71% at T+20d
LONG call ✓ call won +0.71% · α vs SPY -4.75% · entry $13.32 → $13.41
Next anchor: T+60d in 6w
Last close $13.39 (close Jun 8) · +0.56% from $13.32 entry
Entry anchored
Apr 27, 04:02 PM ET
via Databento tick
T+1d
+0.11%
call +0.11% · α +0.12%
$13.33
settled 6w ago
T+5d
-0.41%
call -0.41% · α -2.10%
$13.26
settled 5w ago
T+20d
+0.71%
call +0.71% · α -4.75%
$13.41
settled 15d ago
T+60d
call — · α —
in 6w

Price Chart

Loading chart...

Executive Summary

Organon management filed this DEFA14A to communicate with employees following the definitive merger agreement with Sun Pharma at $14.00/share (103% premium). The letter emphasizes leadership continuity and operational focus, seeking support for the transaction which is subject to shareholder vote and regulatory approvals.

Actionable Insight

The deal premium is locked, so upside is limited to spread tightening. Monitor for competing bids, regulatory hurdles, and the shareholder vote timeline. Trading near the buyout price suggests high confidence in closing.

Key Facts

  • Definitive merger agreement with Sun Pharma at $14.00 per share in cash
  • Enterprise value of approximately $11.75 billion
  • 103% premium to unaffected stock price
  • Permanent CEO Joseph Morrissey and Executive Chair Carrie Cox to continue
  • Transaction subject to shareholder approval and regulatory clearances

Financial Impact

Shareholders to receive $14.00 per share cash, representing a 103% premium and enterprise value of $11.75B

enterprise_valuepremiumcash_consideration

Risk Factors

  • Rival bid or shareholder opposition
  • Regulatory delays or rejection
  • Failure to obtain required financing or approvals

Market Snapshot

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

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
DEFA14A Filing (Primary)0001193125-26-182416
Document: 0001193125-26-182416-index-headers.html0001193125-26-182416
Document: 0001193125-26-182416-index.html0001193125-26-182416
Document: 0001193125-26-182416.txt0001193125-26-182416
10 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 1, 2026
8d ago
PREM14A
BULLISH ★ 8/10
$13.37 $13.36▼ −0.04%▲ +2.71%$13.39 (+0.19%)
Apr 30, 2026
5w ago
DEFA14A
NEUTRAL ★ 3/10
$13.25 $13.31▲ +0.45%▼ −1.27%$13.39 (+1.09%)
Apr 30, 2026
5w ago
8-K
BEARISH ★ 6/10
$13.25 $13.31▼ −0.45%▲ +1.27%$13.39 (−1.09%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 7/10
$13.32 $13.26▼ −0.41%▼ −2.10%$13.39 (+0.56%)
Apr 27, 2026
6w ago
DEFA14A
NEUTRAL ★ 5/10
$13.32 $13.26▼ −0.41%▼ −2.10%$13.39 (+0.56%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 9/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.39 (+1.79%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 8/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.39 (+1.79%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 8/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.39 (+1.79%)
Apr 24, 2026
6w ago
DEFA14A
NEUTRAL ★ 2/10
$13.16 $13.26▲ +0.76%▲ +0.36%$13.39 (+1.79%)
Mar 6, 2026
13w ago
Court Ruling
NEUTRAL ★ 4/10
$6.56 $6.34▼ −3.36%▼ −1.83%$13.39 (+104.27%)
Showing 10 of 10

US Market Status

Market Closed — Opens in 6h 55m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access