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Update: STAAR Surgical Board Urged by Broadwood Not to Delay Vote on Proposed Alcon Deal
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Update: STAAR Surgical Board Urged by Broadwood Not to Delay Vote on Proposed Alcon Deal
Oct 17, 2025 10:51 AM

01:16 PM EDT, 10/17/2025 (MT Newswires) -- (Updates with STAAR Surgical's ( STAA ) response in the fourth paragraph.)

STAAR Surgical ( STAA ) investor Broadwood Partners urged the company's board members Friday to hold the shareholder vote on Alcon's ( ALC ) offer to acquire the company "without further delay or drama."

In a letter sent Friday, Broadwood also asked the board to "take no further substantive or diversionary actions" between now and the special stockholders' meeting scheduled for Oct. 23.

Broadwood, which owns a 27.5% stake in STAAR Surgical ( STAA ), has been urging fellow shareholders to vote against the proposed Alcon ( ALC ) merger.

A STAAR Surgical ( STAA ) spokesperson told MT Newswires that the company's board has decided to move forward, despite Broadwood's objections, as it concluded that the Alcon ( ALC ) agreement is in the best interests of STAAR stockholders.

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