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November 17, 2014
LONDON, 17 November, 2014 — Covington is advising Indivior, formerly RB Pharmaceuticals, in the demerger transaction announced today from Reckitt Benckiser, a global consumer products company. The demerger is subject to the approval of RB shareholders. Indivior PLC will be a specialty pharmaceutical company focused on the treatment of addiction and closely related mental health disorders, with net revenues of $1.2 billion. The company intends to apply for admission of all of its ordinary shares to the premium listing segment of the Official List of the UK Listing Authority and to trading on the main market for listed securities of London Stock Exchange plc. The cross-Atlantic Covington team was led by partners Scott Smith, Simon Amies, Peter Laveran, Daniel Pavin, Hilary Prescott and Eric Blanchard and special counsel Brian Rosenzweig.