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.
Price: 24.88, Change: +0.61, Percent Change: +2.54