Alcon (ALC) and STAAR Surgical Company (STAA) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with Alcon's acquisition of STAAR, expired on September 29, 2025. Under the terms of the agreement, Alcon will purchase all outstanding shares of STAAR common stock for $28 per share in cash. The transaction represents a total equity value of approximately $1.5 billion.
Alcon and STAAR continue to anticipate that the transaction will close within six to 12 months of the initial merger agreement announcement, which occurred on August 5, 2025. STAAR will hold a virtual Special Meeting of Stockholders on October 23 to vote to adopt the Alcon merger proposal.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.