Company: STAA
Filing Date: 2025-10-06
Form Type: DEFA14A
Source: 0001193125-25-230945
Chunk: 9

Company: STAAR SURGICAL CO
Filing Date: 2025-10-06
Form: DEFA14A
Chunk 9
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AR’s proxy solicitor, Innisfree M&A Incorporated, is standing by to help if you have questions about how to vote your shares.Stockholders, please call toll-free: (877) 750-8233Banks & brokerage firms, please call: (212) 750-5833The Alcon Transaction Provides STAAR Stockholders with Compelling, Certain, Premium Cash Value“We note that $28/share represents an attractive 30% premium (3.8x) to the mean 2025E EV/Sales multiple of the small cap Med-Tech comp group (2.9x) applied to our 2026E revenue of $335M.” Aug 5, 2025“Alcon will purchase all outstanding shares of STAAR common stock for $28 per share in cash, which represents approximately a 59% premium to STAAR’s 90-day Volume Weighted Average Price (VWAP) and a 51% premium to the closing price of STAAR common stock on August 4, 2025. The transaction represents a total equity value of approximately $1.5 billion (4.7x FY26 sales). STAAR shares are down 24% YTD (on weak earnings impacted by softer China demand).” Aug 5, 2025“The takeover price represents 6x our estimated 2025 sales and is a 51% premium to Monday’s closing price or $18.49.” Aug 5, 2025There Are Substantial Downside Risks if the Alcon Merger Is Not Completed“if the deal were to fall through, we’d expect shares to respond negatively due to the limited visibility into moving past the macroeconomic challenges related to China and the current acquisition premium baked into the stock fading. After STAA announced the substantial surprise 4Q24 miss due to inventory challenges in China, shares bottomed at 2x revenue, which we believe was due to the Company being viewed as a potential takeout target. While we do admit the timing of the deal is not ideal for STAA, we view the proposed merger as its best path forward in the current environment.” Sept 30, 2025MAXIMIZE THE VALUE OF YOUR STAAR SHARES– VOTE “FOR” THE ALCON MERGER ON THE WHITE PROXY CARD TODAYAdditional Information About the Merger and Where to Find ItThis communication relates to the proposed transaction involving STAAR. In connection with the proposed transaction, STAAR has filed relevant materials with the U.S