STAAR Surgical Company Enters 30-Day Go-Shop Period for Merger Agreement with Alcon Inc.

STAAR Surgical Company has amended its merger agreement with Alcon Inc. to allow for a proactive solicitation of third-party proposals to maximize value for all STAAR stockholders. The amended agreement includes a 30-day go-shop period, no matching rights for third-party proposals, limited information rights, and no termination fee payable by STAAR. The Special Meeting of Stockholders has been postponed until after the go-shop period has expired. STAAR CEO Stephen Farrell stated that the go-shop process will either produce a superior proposal or validate the merits of the proposed merger with Alcon, benefiting STAAR stockholders.