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Staar Surgical board reiterates support of Alcon merger agreement

Staar Surgical (STAA) provided the following statement in response to a report issued by Glass, Lewis & Co. related to Staar’s pending merger with Alcon (ALC): “The Staar Board of Directors and management team strongly disagree with the recommendation issued by Glass Lewis. Alcon is paying Staar stockholders a 59% premium to the 90-day VWAP, whereas Broadwood’s proposal to vote down the merger could allow Broadwood to take control without paying any premium to other stockholders.”

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