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Sun Pharmaceutical Industries Limited has entered into a definitive agreement to acquire Organon & Co. in an all-cash transaction valued at $11.75 billion, offering $14.00 per share. Market reaction was exceptionally bullish as OGN shares closed at $13.16, marking a 16.87% increase with a massive trading volume of 134 million shares. During the session, the stock hit a new 52-week high, trading within a daily range of $13.15 to $13.24. This acquisition is set to propel Sun Pharma into the ranks of the top 25 global pharmaceutical companies, with combined revenues of approximately $12.4 billion. Furthermore, the deal positions the company as a top-10 global player in the high-growth biosimilars sector. As one of the largest healthcare M&A deals this year, it significantly expands Sun Pharma's strategic footprint in the United States.
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