Reckitt to pay $1.4 billion to end Indivior probe

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Reckitt to pay $1.4 billion to end Indivior probe
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Britain's Reckitt Benckiser will pay up to $1.4 billion to resolve all U.S....

FILE PHOTO: Products produced by Reckitt Benckiser; Vanish, Finish, Dettol and Harpic, are seen in London, Britain February 12, 2008. REUTERS/Stephen Hird/File Photo

Reckitt Benckiser said it had reached agreements with the U.S. Department of Justice and the Federal Trade Commission to resolve the investigation into a business that was wholly demerged from the company in 2014. Separately on Thursday, Indivior raised its full-year profit and revenue guidance after Suboxone lost market share at a lower pace than expected, bolstering its first-half performance.

It said the agreement avoided the costs, uncertainty and distraction associated with continued investigations, litigation and the potential for an indictment at a time of significant change for the company, which is undergoing a restructuring plan and handing over to a new chief executive.

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