Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 24

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 24
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 while allowing for a post-signing market check The favorable agreement terms reflect the Board’s focus on deal value and certainty, which include low break-up fees, regulatory commitments by Alcon, and limited closing conditions. Following protracted negotiations, Alcon agreed: To substantially lower break-up fees payable to Alcon by STAAR (including a “window shop”), and dropping an expense reimbursement fee if STAAR stockholder approval not obtained; and To commit to strong remedial actions if needed to obtain regulatory approvals, in addition to an increased regulatory break-up fee Favorable Terms For STAAR Stockholders Included In Alcon Merger Agreement Allows Competing Offers At any time prior to the stockholder vote, STAAR’s Board is able to consider competing offers and terminate the Alcon merger agreement to accept a superior proposal “Window Shop” Provision Allows for post-signing market check with nominal break-up fees of $14.5M (1%) for certain proposals received during 45-day "window shop" period and $43.4M (3%) for proposals received thereafter No “Naked No Vote” Fee No obligation of STAAR for expense reimbursement or other fee payable to Alcon if STAAR stockholders do not approve the merger Limited Conditionality Provides for limited conditionality, Alcon regulatory commitments, and $72M (5%) break-up fee payable by Alcon to STAAR in certain circumstances due to failure to receive regulatory approvals EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS

Since the media reports of takeover interest in STAAR over 14 months ago – and since the merger announcement – STAAR has not received any competing proposals Jul 10, 2024 Media, analyst reports regarding Alcon’s interest in STAAR and STAAR hiring financial advisors 2024 Jul Aug Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2025 45-day “window shop” period (1% termination fee) No proposals received Sept 19, 2025 Given the publicity regarding an acquisition and the significant decline in STAAR stock price since July 2024, if there were other serious buyers, STAAR believes they would have approached STAAR with a competing proposal Alcon Related Third Party Related Aug 3, 2025 STAAR received vague communications of interest from “Party A” and “Party B” and promptly responded on August 4. Neither party provided any proposal on valuation, timing, diligence requirements, financial