STAAR Surgical: Alcon Raises Its Bid, But Obstacles Remain
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Sandeep Nital David653 FollowersFollow5ShareSavePlay(8min)CommentsSummaryAlcon has raised its offer to acquire STAA by 10% to $30.75 per share.STAA's major shareholder, with a 30% stake intends to vote against the acquisition, stating that the price still significantly undervalues the company.The company received no proposal from other parties during the 30-day Go-Shop period that has now concluded.The latest offer is 21% above the current share price, while there is also the possibility for Alcon to raise their offer further.Without a deal, the stock could be worth $21, based on the current outlook. Giovanni Swastika/iStock via Getty Images STAAR Surgical (STAA) received an acquisition offer from Alcon Inc. (ALC) in August for $28 per share, which represented over a 50% premium to the prior share price. In my This article was written bySandeep Nital David653 FollowersFollowAn individual investor primarily focused on undercovered companies, with up to 100 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my years of analyzing countless companies, I have accumulated professional investment experience within my circle of competence. I have a Masters degree in Electrical Engineering and currently work as an automotive battery RnD engineer in Sweden. My write-ups on SA are a good way for me to layout my investment thesis on companies and receive feedback from the broader investing community. I enjoy diligently studying and researching small to mid cap companies which are often researched to a lesser extent by others. Through my analysis of numerous companies, I seek to identify asymmetric investment opportunities with the goal of achieving market beating returns.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You