Supernus announces merger of equals with Indivior, creating $2.2B CNS leader

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

Key Changes

• high

  Supernus merging with Indivior in all-stock transaction; shareholders receive 1.5401 Indivior shares per Supernus share, owning 43.5% of combined company. Indivior paying $1B dividend to pre-closing shareholders funded by $650M new debt.

  Exhibit 99.1 view on EDGAR →
• high

  Combined company projects $2.2B revenue, $888M Adjusted EBITDA (41% margin) including $125M annual cost synergies. Pro forma net leverage under 1x at 0.99x.

  Exhibit 99.1 view on EDGAR →
• high

  Transaction subject to shareholder and regulatory approvals, expected to close Q4 2026. Exchange ratio is fixed and will not adjust for share price changes. Competing proposals could emerge.

  Item 8.01 — Other Events verify on EDGAR →