02:29 PM EDT, 10/10/2025 (MT Newswires) -- STAAR Surgical ( STAA ) shareholder Broadwood Partners said in statement Friday that it continues to urge shareholders to reject the $1.5 billion proposed acquisition of the lens maker by Alcon ( ALC ) .

Broadwood said it owns 27.5% of STAAR's outstanding common shares.

The alternative lender, citing advisory firm Glass, Lewis & Co in a letter, said the chair and chief executive officer of STAAR Surgical ( STAA ) failed to disclose material information about "inbound strategic interest" from at least one party for the company.

Broadwood also raised concerns about whether STAAR's board fulfilled its fiduciary duty when reaffirming its commitment to the proposed offer, according to the statement.

STAAR Surgical ( STAA ) did not immediately respond to MT Newswires' request for comment.

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