Morningstar

Alcon, Staar Surgical Amend Merger Agreement to Allow Other Bids

Provided by Dow Jones Nov 7, 2025, 3:42:00 PM

By Nicholas G. Miller

Alcon and Staar Surgical agreed to amend their merger agreement to allow Staar to solicit other offers.

The new agreement includes a 30-day go shop period in which Staar can actively solicit third-party proposals. Alcon will not receive a termination fee if Staar accepts a different offer.

Alcon agreed to give up matching rights if a superior proposal is made and Staar is not required to notify Alcon about the bids it receives.

Alcon will engage with Staar stockholders to gather support for its merger proposal.

Staar postponed its stockholder vote on the Alcon proposal until after the go-shop period has expired.

In August, Alcon agreed to acquire Staar for $28 a share in cash, or $1.5 billion in equity value

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 07, 2025 10:42 ET (15:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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