Sun Pharma (SUN) Acquires Organon for $11.75 Billion in Cash
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSun Pharmaceutical Industries (SUN) announced its acquisition of Organon & Co for $11.75 billion, valuing the U.S. firm at $14 per share including debt. This deal will position Sun Pharma among the top 25 global pharmaceutical companies, enhancing its revenue from $12.4 billion. The acquisition is expected to increase Sun Pharma's innovative medicine segment contribution to 27% from 20% in the financial year ending March 2025. Organon's portfolio supports Sun Pharma's strategy to grow its Innovative Medicines business, which includes dermatology and oncology products.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Organon & Co. (OGN)
Organon is a women’s-health-focused pharmaceutical company spun off from Merck.
The Health Care sector covers pharmaceutical, biotech, device and managed-care companies.
Earlier OGN news
- Sun Pharma (SUN) Acquires Organon for $11.75 Billion
- Organon (OGN) Surges 39% on $12 Billion Merger Speculation
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
