Investing.com -- STAAR Surgical Company (NASDAQ:STAA) stock surged 15% Tuesday after Alcon (SIX:ALC) announced an amended merger agreement with the eye care company, increasing its acquisition offer.
Under the new terms, Alcon will purchase all outstanding shares of STAAR for $30.75 per share in cash, representing an additional $150 million in equity value for stockholders. The transaction now values STAAR at approximately $1.6 billion, a 74% premium to STAAR’s 90-day Volume Weighted Average Price and a 66% premium to its closing price on August 4, 2025.
The amended agreement follows the closure of STAAR’s "go-shop" period on December 6, during which no superior offers materialized. Alcon had waived its matching rights and any break-up fee if a better proposal had emerged during this period.
In addition to the increased purchase price, the new agreement includes reductions in payments to STAAR executives. Alcon plans to finance the transaction through short- and long-term credit facilities.
The Boards of Directors of both companies have approved the amended merger agreement, with STAAR’s Board recommending that stockholders vote in favor of the transaction at the upcoming December 19, 2025 meeting.
Alcon expects the acquisition to be accretive to earnings in the second year following completion. The transaction is anticipated to close in early 2026, subject to regulatory approvals and STAAR stockholder approval.
STAAR Surgical is known for its EVO family of Implantable Collamer Lenses for vision correction, while Alcon positions itself as the global leader in eye care.
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