Indivior Pharmaceuticals (INDV) plans $1B payout tied to Supernus merger
Indivior Pharmaceuticals (INDV) filed an S-4 for an all-stock merger with Supernus Pharmaceuticals (SUPN). Each Supernus share will convert to 1.5401 Indivior shares. Indivior plans a $1B special dividend, contingent on merger completion, with a $650M loan to fund it. Post-merger, Indivior will rename to Supernus and trade under SUPN. The deal is expected to close in Q4 2026, subject to approvals.

