Supernus to merge with Indivior in all-stock deal; shareholders to receive 1.5401 Indivior shares

Filed August 3, 2026 · Period ending August 1, 2026 · ~2 min read

Key Changes

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  Supernus shareholders will receive 1.5401 Indivior shares per share in a fixed-ratio all-stock merger, owning 43.5% of the combined company; Indivior shareholders will own 56.5% and receive a $1 billion special dividend before closing.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Indivior will pay a $1 billion special dividend to its shareholders immediately before closing, funded by a $650 million term loan from Citibank and existing cash; pro forma net debt will be $878 million with leverage below 1x.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  The combined company expects $2.2 billion in pro forma revenue, $888 million in adjusted EBITDA, and $125 million in annual cost synergies; closing is expected in Q4 2026 subject to shareholder and regulatory approvals.

  Exhibit 99.1 view on EDGAR →