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New $17 Million Bet on STAAR Surgical Comes as Sales Jump 7% and Margins Hit 82%
The Motley Fool· 2025-12-30 18:12
STAAR’s results show a story about timing, cash discipline, and what happens when reported growth finally lines up with underlying demand.Dallas-based Slotnik Capital initiated a new position in STAAR Surgical Company (STAA 0.94%) during the third quarter, acquiring 635,000 shares valued at approximately $17.06 million, according to a November 13 SEC filing.What HappenedAccording to a recent SEC filing dated November 13, Slotnik Capital disclosed a new investment in STAAR Surgical Company (STAA 0.94%). The ...
What a $22 Million Bet on STAAR Surgical Signals After Third-Quarter Earnings and a 15% Market Lag
The Motley Fool· 2025-12-23 19:42
The stock is roughly flat this past year, but the fundamentals quietly moved in the right direction, and that disconnect likely caught this fund’s attention.London-based Sand Grove Capital Management took a new stake in STAAR Surgical Company (STAA 1.34%), adding 829,123 shares valued at ~$22.28 million, according to November 14, 2025, SEC filings.What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Sand Grove Capital Management LLP established a new position in ...
Broadwood Partners Denounces STAAR Surgical's Fourth Delay of the Shareholder Vote on the Company's Proposed Sale to Alcon
Businesswire· 2025-12-19 17:59
Core Viewpoint - Broadwood Partners, L.P. and its affiliates own 30.2% of STAAR Surgical Company and have responded to the fourth postponement of STAAR's Special Meeting of Shareholders regarding the proposed acquisition by Alcon Inc [1] Group 1 - The Special Meeting was originally scheduled for October 23 [1]
Alcon Exercises Right to Require STAAR Surgical to Adjourn its Special Meeting of Stockholders
Businesswire· 2025-12-19 16:45
Core Viewpoint - STAAR Surgical Company has announced the adjournment of its Special Meeting of Stockholders regarding the Alcon merger agreement, now rescheduled for January 6, 2026, due to Alcon exercising its right under the merger agreement [1]. Company Overview - STAAR Surgical (NASDAQ: STAA) is a leader in implantable phakic intraocular lenses, providing vision correction solutions that can reduce or eliminate the need for glasses or contact lenses [2]. - The company has been focused solely on ophthalmic surgery since 1982 and has sold over 3 million ICLs in more than 75 countries [2]. - STAAR's EVO ICL™ product line offers a minimally invasive procedure for vision correction without removing corneal tissue or the eye's natural crystalline lens [2]. Merger Information - The Special Meeting of Stockholders was originally scheduled for December 19, 2025, and the record date for eligible stockholders remains October 24, 2025 [1]. - Relevant materials regarding the proposed transaction have been filed with the U.S. Securities and Exchange Commission (SEC), including a definitive proxy statement on September 16, 2025 [3].
Wall Street Breakfast Podcast: TikTok’s U.S. Survival Plan
Seeking Alpha· 2025-12-19 11:12
Getty Images Listen below or on the go via Apple Podcasts and Spotify TikTok (BDNCE) agrees to new joint U.S. venture. (00:24) Instacart (CART) settles FTC claim over deceptive practices. (01:25) Nike (NKE) targets double-digit EBIT margins through sport offense and operational efficiency. (02:28) This is an abridged transcript. TikTok CEO Shou Chew has announced that parent company ByteDance (BNDCE) has signed binding agreements to create a U.S. joint venture that will be majority-owned by American ...
Defender Capital Reiterates Intention to Vote AGAINST STAAR Surgical's Proposed Sale to Alcon Inc.
Prnewswire· 2025-12-17 21:53
Core Viewpoint - Defender Capital expresses disappointment in STAAR Surgical Company's Board of Directors' continued pursuit of a sale to Alcon Inc., believing it is not in the best interests of STAAR shareholders and does not reflect adequate value for the Company [1]. Group 1: Timing and Valuation Concerns - The proposed sale to Alcon is viewed as occurring at the wrong time and price for STAAR shareholders, especially given STAAR's recent global growth and the stabilization of its business [2]. - The timing of the deal is criticized as opportunistic for Alcon, particularly as STAAR's business shows potential upside following recent earnings reports [2]. Group 2: Flawed Process - The process leading to the deal has been deemed flawed, with recommendations from Glass Lewis and ISS advising shareholders to vote against it [3]. - Concerns were raised about event-driven hedge funds purchasing STAAR shares without understanding the opposition from major shareholders like Broadwood Partners, leading to a decline in stock price [3]. Group 3: Vote Delay and Due Diligence - STAAR's Board delayed the vote until December 19 and reopened the bidding process, raising questions about the adequacy of the time allowed for potential acquirers to conduct due diligence, especially given the significance of the Chinese market to STAAR's business [4]. - No new bids emerged following the delay, indicating a lack of interest from other potential buyers [4]. Group 4: Continued Opposition - Defender Capital intends to vote against the transaction, citing a lack of compelling reasons to sell STAAR at this time and expressing disappointment in the Board's actions [5].
Broadwood Partners Issues Open Letter to STAAR Surgical Board Pledging Cooperation and Support When Vote on Alcon Transaction Fails
Businesswire· 2025-12-17 18:17
Core Viewpoint - Broadwood Partners, L.P. and its affiliates, owning 30.2% of STAAR Surgical Company's outstanding common stock, are urging shareholders to vote against the proposed acquisition of STAAR by Alcon Inc. [1] Group 1 - Broadwood Partners has issued a letter to the Board of Directors of STAAR Surgical Company [1] - The firm continues to advocate for shareholders to oppose the acquisition by Alcon Inc. [1] - Additional information for shareholders is available at www.LetSTAARS [1]
STAAR Stockholders Have a Choice: Vote FOR Alcon's Certain, Premium $30.75 Per Share Cash Offer or Bear the Downside Risk that Broadwood Has No Credible Plan to Create Stockholder Value
Businesswire· 2025-12-17 15:55
Core Viewpoint - STAAR Surgical Company is urging stockholders to participate in the upcoming Special Meeting to vote on the amended agreement with Alcon Inc., emphasizing that the outcome will significantly impact the value of their shares [1]. Company Summary - STAAR Surgical Company is recognized as the global leader in phakic IOLs, specifically with its EVO family of Implantable Collamer® Lenses (EVO ICL™) designed for vision correction [1]. Industry Context - The impending vote at the Special Meeting is positioned as a critical event that could influence the financial performance and stock value of STAAR Surgical, highlighting the importance of shareholder engagement in corporate governance [1].
Yunqi Capital Comments on Proxy Advisors' Updated Recommendations, Urges Shareholders to Continue to Back the Company's Standalone Trajectory
Businesswire· 2025-12-16 18:32
Core Viewpoint - Yunqi Capital Limited, a 5.1% shareholder of STAAR Surgical Company, has released a letter to STAAR shareholders addressing the recent reports from Institutional Shareholder Services Inc. and Glass, Lewis & Co. regarding the proposed acquisition of STAAR by Alcon Inc. [1] Group 1 - Yunqi Capital is an investment management firm that advises funds and holds a significant stake in STAAR Surgical Company [1] - The letter is a response to updated reports from ISS and Glass Lewis concerning the acquisition proposal [1] - The acquisition by Alcon Inc. is a central topic of discussion in the letter [1]
Independent Industry Analysts Recognize Value Provided to STAAR Stockholders by Amended Alcon Merger Agreement and Merits of Alcon Transaction
Businesswire· 2025-12-16 14:12
Core Viewpoint - STAAR Surgical Company has amended its merger agreement with Alcon, offering stockholders $30.75 per share, which represents a 74% premium to the 90-day Volume Weighted Average Price and a 66% premium to the closing price on August 4, 2025 [1][2]. Group 1: Merger Agreement Details - The revised merger agreement with Alcon is set to provide STAAR stockholders with $30.75 per share in cash if the transaction is completed [1]. - Independent proxy advisory firm Institutional Shareholder Services (ISS) recommends that STAAR stockholders vote "FOR" the Alcon transaction, citing improved terms and reduced downside risks [2]. - The STAAR Board of Directors also urges stockholders to vote "FOR" the merger to protect their investment value [3]. Group 2: Analyst Insights - Analysts from BTIG suggest that STAAR shareholders should accept the offer, warning of potential significant declines in share value if the deal does not go through [5]. - Canaccord Genuity notes that the expiration of the "go-shop" period revealed limited interest from other potential acquirers, indicating that the revised terms are likely to satisfy shareholders [5]. - Mizuho highlights that the $1.6 billion valuation of the transaction is approximately 4.5 times the forward EV/Sales based on projected revenues, which aligns with industry standards for similar companies [5]. Group 3: Company Background - STAAR Surgical is a leader in implantable phakic intraocular lenses, focusing solely on ophthalmic surgery since 1982, and has sold over 3 million ICLs globally [7]. - The company operates research, development, manufacturing, and packaging facilities in California and Switzerland, emphasizing its commitment to advanced vision correction solutions [7].