Company: STAA
Filing Date: 2025-08-29
Form Type: PREM14A
Source: 0001193125-25-192889
Chunk: 77

Company: STAAR SURGICAL CO
Filing Date: 2025-08-29
Form: PREM14A
Chunk 77
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 in “—Reasons for the Merger,” the Board unanimously determined
that the Merger Agreement and the transactions contemplated thereby, including the Merger, on the terms and subject to the conditions set forth in the Merger Agreement, are advisable, fair to and in the best interests of STAAR and its stockholders,
approved, adopted and declared advisable the execution and delivery of, and entry into, the Merger Agreement, and directed that the Merger Agreement be submitted to the STAAR stockholders for adoption at the Special Meeting.

Prior to executing the Merger Agreement, Mr. Farrell reached out to each of Party A and Party B inviting them to make a proposal for
STAAR’s review. Neither responded prior to the execution of the Merger Agreement and, following the execution of the Merger Agreement, Party B sent another email expressing interest in a potential transaction with STAAR without providing any
indication of its views on valuation, timing, diligence requirements, financing capability or transaction structure.

Following the
meeting of the Board on August 4, 2025, the Merger Agreement was executed on the evening of August 4, 2025. Before the opening of financial markets in New York on August 5, 2025, STAAR filed a current report on Form 8-K announcing the transaction, and the parties issued a joint press release in regards to the same.

On
August 8, 2025, Alcon filed a current report on Form 6-K announcing the transaction.

Also on
August 8, 2025, Stockholder A filed a Schedule 13D/A with the SEC disclosing beneficial ownership of 27.3% of the outstanding STAAR common stock. Stockholder A’s filing indicated it had not decided whether to vote in favor of the Merger,
against the Merger, or in favor of a superior offer. Further, the Schedule 13D/A noted that Stockholder A would be seeking additional documents and information relating to the process that led to the signing of the Merger Agreement to inform its
voting decision and was planning to explore strategic alternatives to the Merger.

As of the filing of this proxy statement, STAAR has not
received an Acquisition Proposal that the Board has determined constitutes, or could reasonably be expected to lead to, a Superior Offer.

Recommendation of the Board and Reasons for the Merger

Recommendation of the Board

The Board has unanimously determined that the Merger Agreement and the transactions contemplated thereby, including the Merger, on