Broadwood Partners: All Three Leading Proxy Advisory Firms Recommend STAAR Surgical Shareholders Vote "AGAINST" Sale to Alcon

Broadwood Partners: All Three Leading Proxy Advisory Firms Recommend STAAR Surgical Shareholders Vote "AGAINST" Sale to Alcon

NEW YORK -- Broadwood Partners, L.P. and its affiliates (“Broadwood” or “we”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that the shareholders of STAAR Surgical Company (“STAAR” or the “Company”) (NASDAQ: STAA) vote “ AGAINST” the Company’s proposed acquisition by Alcon Inc. (“Alcon”) (NYSE: ALC) (the “Proposed Merger”) on the GREEN Proxy Card.

ISS Recommends Staar Shareholders Vote Against Alcon Merger - Orange County Business Journal

Broadwood Partners, Staar’s Surgical Co.’s largest investor, today announced that a third proxy advisory firm is recommending shareholders to vote against the $1.5 billion sale to Alcon. Institutional Shareholder Services Inc. joins Glass, Lewis & Co. and Egan-Jones Ratings Company in opposing the acquisition. Broadwood said that in addition to these firms, shareholders representing more than 34% of Staar’s shares including Yunqi Capital, have p…