---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-113883"
form_type: "8-K"
ticker: "INDV"
cik: "0001625297"
company_name: "Indivior Pharmaceuticals, Inc."
filed_at: "2026-10-06T11:15:30+00:00"
generated_at: "2026-10-12T16:36:54.766064+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Indivior supplements merger proxy after Supernus stockholder suits; Cantor DCF values Indivior $24.20-$43.90

## Summary
- Supernus stockholders sent demand letters and filed two complaints in NY Supreme Court alleging the joint proxy/prospectus omitted material disclosure; Supernus denies merit but supplements.
- Cantor DCF reference range: Supernus $50.55-$59.50/share (9.5%-11.5% discount rate); Indivior $24.20-$43.90 dividend-adjusted (8.0%-10.0%).
- Merger: Artemis Merger Sub merges into Supernus, which survives as a wholly owned Indivior subsidiary; Indivior renamed Supernus, Inc. Special stockholder votes set for October 15, 2026.
- Indivior valued with ~$249M cash, ~$500M debt and a $1 billion Special Dividend; Supernus with ~$372M cash and $0 debt, using July 28, 2026 management data.
- Terminal growth assumptions range from -10.0% to +3.0% after Dec 31, 2040; fully diluted Indivior share count 124.0M-139.3M.

## SEC filing metadata
- accession: 0001104659-26-113883
- form_type: 8-K
- ticker: INDV
- cik: 0001625297
- company_name: Indivior Pharmaceuticals, Inc.
- filed_at: 2026-10-06T11:15:30+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1625297/000110465926113883/0001104659-26-113883-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1625297/000110465926113883/tm2627060d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-113883
- JSON: https://secwatch.observer/filing/0001104659-26-113883.json
- Plain text: https://secwatch.observer/filing/0001104659-26-113883.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.