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Alcon Scraps Takeover Plans for US-based Staar Surgical

MT Newswires·01/06/2026 23:30:48
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11:30 PM EST, 01/06/2026 (MT Newswires) -- Swiss eye care company Alcon (ALC.SW) canceled the definitive agreement to purchase US-based implantable lenses manufacturer Staar Surgical, according to a Tuesday release. In a separate same-day release, Staar Surgical said the deal did not secure the required stockholder votes for approval, with the termination having no obligation to pay the fees on either party. The deal was announced in August 2025.