By Adriano Marchese


Shares of Staar Surgical rose Tuesday morning after Alcon increased its price to purchase the company after no other bids were offered up.

The company's shares were up 14% at $26.75.

Under the terms of the amended agreement, Alcon will purchase all outstanding shares of Staar for $30.75 per share in cash, which represents an additional $150 million in equity value.

Alcon came in with the new offer after its "go-shop" process, where Staar could freely seek out competing bids without restrictions, didn't generate any new bids.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

12-09-25 1054ET