BUZZ-STAAR Surgical plummets after ending planned $1.6 billion merger with Alcon

Reuters
01/06
BUZZ-<a href="https://laohu8.com/S/STAA">STAAR Surgical</a> plummets after ending planned $1.6 billion merger with Alcon

** Shares of medical device maker STAAR Surgical STAA.O drop 18.9% to $19.41 premarket

** Co says it will terminate $1.6 billion merger deal with Swiss eye-care firm Alcon ALCC.S

** Termination follows failure to secure enough shareholder votes in support of the deal

** CEO Stephen Farrell says co will focus on profitable sales growth

** Up to previous close, STAA stock down 2.4% over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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