Sun Pharma to buy Organon for $11.75B
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Organon & Co. (NYSE:OGN) is one of the 10 Stocks Racking Up Monster Gains. Organon soared to a new 52-week high on Monday, as investors gobbled up shares after the company officially confirmed its planned $11.
Organon (OGN +16.87%), a women’s health therapies specialist, closed Monday at $13.16, up 16.87%. The stock is jumping after premarket news that Sun Pharmaceutical Industries ag
India’s Sun Pharmaceutical Industries agrees to buy the women’s health company for $14 a share in an all-cash deal.
Organon (OGN) jumps on takeover rumors. Learn buyout odds, fair value, and downside risk if M&A fails amid weak revenue and high debt—read now.
With the purchase of Organon & Co., billionaire Dilip Shanghvi's Sun Pharmaceutical Industries' annual revenue will more than double to $12.4 billion and make it one of the world’s top 25 drugmakers.
Organon & Co. (NYSE:OGN) is one of the 10 High-Flying Stocks With Double-Digit Returns. Organon bounced back by 30.93 percent on Friday to close at $11.26 apiece, as investors snapped up shares following news that Sun Pharmaceuticals is upsizing its takeover offer of the company to $13 billion.