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DEFA14A ·Filed Apr 27, 2026

OGN

Organon & Co.
BULLISH
Impact 8/10
Horizonmonths Processed6mo ago SEC0001193125-26-178729
Proxy solicitation materials
Actionable Insight ▲ Bullish

Monitor for shareholder approval and regulatory clearances, as the transaction is expected to close in early 2027. The premium offered suggests strong confidence in Organon's value, making it an attractive near-term opportunity for investors.

DirectionBullish
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d ⚠ clustered
OGN ▲ +2.77% at T+60d
LONG call ✓ call won +2.77% · α vs SPY -1.73% · entry $13.16 → $13.52
Entry = T+0 close
Apr 27, 2026
via day close
T+1d
+1.22%
call +1.22% · α +1.70%
$13.32
settled 6mo ago
T+5d
+0.76%
call +0.76% · α +0.36%
$13.26
settled 6mo ago
T+20d
+1.94%
call +1.94% · α -3.02%
$13.41
settled 5mo ago
T+60d
+2.77%
call +2.77% · α -1.73%
$13.52
settled 3mo ago

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, Joseph Morrissey was appointed permanent CEO and Carrie Cox as Executive Chair on a non-interim basis.

Key Financial Metrics

Vote
merger approval
Meeting
2026-04-26

Key Facts

  • Sun Pharmaceutical will acquire Organon for $14.00 per share in cash, a 103% premium to the unaffected trading price.
  • The transaction values Organon at an enterprise value of $11.75 billion.
  • The merger is subject to regulatory approvals and shareholder vote.
  • Joseph Morrissey was appointed permanent CEO of Organon.
  • Carrie Cox was appointed Executive Chair on a non-interim basis.

Financial Impact

Enterprise value of $11.75 billion with $14.00 per share cash consideration

enterprise_valueshare_pricedebtequity

Risk Factors

  • Failure to obtain regulatory approvals
  • Failure to secure shareholder vote
  • Potential termination fee of $120 million if deal is terminated under certain circumstances

Market Snapshot

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

Investment Themes

Documents Analyzed

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

DocumentAccession Number
DEFA14A Filing (Primary)0001193125-26-178729
Document: 0001193125-26-178729-index-headers.html0001193125-26-178729
Document: 0001193125-26-178729-index.html0001193125-26-178729
Document: 0001193125-26-178729.txt0001193125-26-178729
15 reports for OGN
Performance horizon
71% Hit rate @ T+60 5 of 7 directional calls Went positive at some point 5 of 8 best @ T+60▲ +2.84%Jun 1, 2026
Filters
Rows
Reports for OGN — sortable, filterable
TypeNow
Aug 18, 2026
9w ago
Institutional Cluster
BEARISH ★ 6/10
$13.68awaiting T+60—$13.74 (−0.44%)
Jul 31, 2026
12w ago
8-K
BEARISH ★ 5/10
$13.55 $13.74▼ −1.40%▲ +1.05%$13.74 (−1.40%)
Jul 17, 2026
14w ago
8-K
NEUTRAL ★ 3/10
$13.49 $13.77▲ +2.08%▼ −2.76%$13.74 (+1.85%)
Jun 17, 2026
18w ago
DEFM14A
BULLISH ★ 7/10
$13.42 $13.64▲ +1.64%▼ −1.51%$13.74 (+2.38%)
Jun 11, 2026
19w ago
DEFA14A
NEUTRAL ★ 3/10
$13.45 $13.78▲ +2.45%▼ −1.94%$13.74 (+2.16%)
Jun 1, 2026
21w ago
PREM14A
BULLISH ★ 8/10
$13.37 $13.75▲ +2.84%▲ +1.87%$13.74 (+2.81%)
Apr 30, 2026
25w ago
DEFA14A
NEUTRAL ★ 3/10
$13.25 $13.52▲ +2.08%▼ −0.74%$13.74 (+3.74%)
Apr 30, 2026
25w ago
8-K
BEARISH ★ 6/10
$13.25 $13.52▼ −2.08%▲ +0.74%$13.74 (−3.74%)
Apr 27, 2026
26w ago
DEFA14A
BULLISH ★ 7/10
$13.32 $13.56▲ +1.84%▼ −1.88%$13.74 (+3.19%)
Apr 27, 2026
26w ago
DEFA14A
NEUTRAL ★ 5/10
$13.32 $13.56▲ +1.84%▼ −1.88%$13.74 (+3.19%)
Showing 10 of 15

US Market Status

Market Closed — Opens in 6h 58m

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Report published Apr 27, 2026