STAAR Surgical sinks as it plans to terminate sale to Alcon (STAA:NASDAQ)
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9 Articles
STAAR Surgical terminates Alcon merger agreement
STAAR Surgical is terminating its agreement to merge with Swiss eyecare specialist Alcon in a $1.6bn deal, ending a disputatious period between the company and its shareholders.The post STAAR Surgical terminates Alcon merger agreement appeared first on Medical Device Network.
Geneva-based ophthalmology specialist Alcon has abandoned its plans to acquire the American company Staar Surgical. Strong opposition from Staar's shareholders proved insurmountable.
The ophthalmology group Alcon will not take over the US company Staar Surgical. Staar's opposition from shareholders was ultimately too great.
Staar Surgical Shareholders Reject $1.6 Billion Merger - Orange County Business Journal
Staar Surgical Co. said it plans to terminate its proposed $1.6 billion sale to Alcon Inc. based on preliminary results from today’s shareholder vote. As a result, Staar will remain a standalone, publicly traded company and continue to trade on the Nasdaq under the ticker symbol “STAA.” “The Board approved the Alcon agreement because we determined that it was in the best interests of STAAR stockholders,” Chief Executive Stephen Farrell said in a…
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