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DEFA14A ·Filed Apr 27, 2026

OGN

Organon & Co.
BULLISH
Impact 9/10
Horizonmonths Processed6mo ago SEC0001193125-26-181874
Proxy solicitation materials
Actionable Insight ▲ Bullish

The stock is expected to trade near the $14 offer price minus deal risk. Monitor for regulatory approvals and stockholder vote timing. If the deal closes, there is limited upside; if it fails, the stock could drop sharply. Hedge or take profits near $14 if holding.

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. filed additional proxy materials in support of its pending acquisition by Sun Pharmaceutical Industries for $14.00 per share in cash, representing a 103% premium and an enterprise value of $11.75 billion. The transaction requires stockholder approval and is expected to close in early 2027.

Key Financial Metrics

Vote
merger approval

Key Facts

  • Acquisition price of $14.00 per share in cash, a 103% premium to Organon's closing price on April 9, 2026
  • Enterprise value of $11.75 billion
  • Transaction approved by both boards; expected close in early 2027
  • Subject to regulatory approvals and Organon stockholder vote
  • Sun Pharma will become among top 25 global pharma companies with combined revenue of $12.4 billion

Financial Impact

Offer valued at $14.00 per share, representing a 103% premium to the unaffected price of $6.89 (approximate). Total enterprise value of $11.75 billion.

revenueenterprise valuestock price

Risk Factors

  • Regulatory approval delays or conditions could derail the deal
  • Stockholder vote may not pass if a competing bid emerges
  • Termination fee provisions may limit downside but still pose risk

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)0001193125-26-181874
Document: 0001193125-26-181874-index-headers.html0001193125-26-181874
Document: 0001193125-26-181874-index.html0001193125-26-181874
Document: 0001193125-26-181874.txt0001193125-26-181874
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
10w ago
Institutional Cluster
BEARISH ★ 6/10
$13.68awaiting T+60—$13.77 (−0.69%)
Jul 31, 2026
12w ago
8-K
BEARISH ★ 5/10
$13.55 $13.74▼ −1.40%▲ +1.05%$13.77 (−1.66%)
Jul 17, 2026
14w ago
8-K
NEUTRAL ★ 3/10
$13.49 $13.77▲ +2.08%▼ −2.76%$13.77 (+2.11%)
Jun 17, 2026
18w ago
DEFM14A
BULLISH ★ 7/10
$13.42 $13.64▲ +1.64%▼ −1.51%$13.77 (+2.65%)
Jun 11, 2026
19w ago
DEFA14A
NEUTRAL ★ 3/10
$13.45 $13.78▲ +2.45%▼ −1.94%$13.77 (+2.42%)
Jun 1, 2026
21w ago
PREM14A
BULLISH ★ 8/10
$13.37 $13.75▲ +2.84%▲ +1.87%$13.77 (+3.07%)
Apr 30, 2026
25w ago
DEFA14A
NEUTRAL ★ 3/10
$13.25 $13.52▲ +2.08%▼ −0.74%$13.77 (+4.00%)
Apr 30, 2026
25w ago
8-K
BEARISH ★ 6/10
$13.25 $13.52▼ −2.08%▲ +0.74%$13.77 (−4.00%)
Apr 27, 2026
26w ago
DEFA14A
BULLISH ★ 7/10
$13.32 $13.56▲ +1.84%▼ −1.88%$13.77 (+3.45%)
Apr 27, 2026
26w ago
DEFA14A
NEUTRAL ★ 5/10
$13.32 $13.56▲ +1.84%▼ −1.88%$13.77 (+3.45%)
Showing 10 of 15

US Market Status

Market Open — Closes in 4h 19m

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Report published Apr 27, 2026