Sept 2 (Reuters) - Broadwood Partners, the largest
shareholder of STAAR Surgical ( STAA ), said on Tuesday it
intended to vote against Alcon's proposed acquisition
of the company, saying the Swiss eye care group's offer did not
reflect STAAR's recent financial improvements.
The investment firm, which holds a 27.5% stake in STAAR,
said it was disappointed with STAAR's board of directors for
choosing to sell the company without a comprehensive sale
process, and urged it to reconsider its recommendation of the
offer.
It also raised concerns over the timing of the proposed deal
in relation to an upcoming clinical trial publication.