Core Viewpoint - The Ademi Firm is investigating STAAR for potential breaches of fiduciary duty and other legal violations related to its transaction with Alcon Inc, which involves a cash offer of $28 per share, valuing the deal at approximately $1.5 billion in equity value [1][2][3] Group 1: Transaction Details - Shareholders of STAAR will receive $28 per share in cash, leading to a total transaction value of around $1.5 billion [2] - STAAR insiders are set to receive significant benefits as part of the change of control arrangements [2] Group 2: Investigation Focus - The transaction agreement imposes a significant penalty on STAAR if it accepts a competing bid, which may limit competing transactions unreasonably [3] - The investigation is centered on the conduct of the STAAR board of directors and whether they are fulfilling their fiduciary duties to all shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether STAAR Surgical Company is obtaining a Fair Price for its Public Shareholders