Proxy advisory firm ISS recommends STAAR Surgical investors vote down Alcon deal
15/10/2025 14:32
Oct 15 (Reuters) - Proxy advisory firm Institutional Shareholder Services on Wednesday recommended that investors in eye-care company STAAR Surgical vote against a planned deal with Alcon AG, arguing that pushback from big shareholders and other "deficiencies" speak against the proposed takeover. STAAR's biggest investor Broadwood, which holds nearly 30% of the stock, has said it will vote against the proposal that the company will sell itself to Alcon for $28 a share. The vote is on October 23. (Reporting by Svea Herbst-Bayliss and Maria Rugamer) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net/))