Staar Surgical to reject Alcon takeover bid after failing to win shareholder backing

Core Viewpoint - STAAR Surgical plans to terminate its merger agreement with Alcon due to insufficient shareholder votes for approval, resulting in a decline in its share price [1] Company Summary - STAAR Surgical is ending its merger agreement with Swiss eyecare company Alcon after failing to secure the necessary shareholder votes [1] - The announcement has led to a decrease in STAAR Surgical's share price [1] Industry Summary - The eyecare industry is experiencing significant changes as merger agreements face challenges in gaining shareholder approval, impacting company valuations and market dynamics [1]