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Stock impact report

Indian drugmaker Sun Pharma to buy U.S. firm Organon in $11.75 billion deal [CNBC]

Organon & Co. (OGN) 
Company Research Source: CNBC
Sun Pharmaceutical will buy all outstanding shares of Organon for $14.00 per share. The acquisition will lift Sun Pharmaceutical's revenues to $ 12.4 billion, ranking it among the top 25 global pharmaceutical companies. Organon, which ?was ?spun off from ?Merck in 2021, specializes in women's health and biosimilars. In this article India's Sun Pharmaceutical Industries will acquire New Jersey-based Organon & Co in an all-cash deal that values the U.S. company at $11.75 billion, including debt. The Indian generic drugmaker will acquire all outstanding shares of Organon for $14 apiece, according to an exchange filing Monday by Sun Pharmaceutical “Following a comprehensive review of strategic alternatives, our Board determined that this all-cash transaction offers compelling and immediate value to Organon stockholders,” said Carrie Cox, executive chair at Organon, in the joint statement. Organon , which ?was ?spun off from ?Merck in 2021, specializes in women's health and Show less Read more
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