Alcon Agrees To Acquire Staar Surgical

Aug 5 (Reuters) - ALCON AG ALCC.S:

• ALCON AGREES TO ACQUIRE STAAR SURGICAL

• ALCON AG - TO PURCHASE ALL OUTSTANDING SHARES OF STAAR FOR $28 PER SHARE IN CASH, VALUINGSTAAR AT APPROXIMATELY $1.5 BILLION IN EQUITY VALUE

• ALCON AG - ACQUISITION OF STAAR IS COMPLEMENTARY TO ALCON'S LASER VISION CORRECTION BUSINESS AND IS EXPECTED TO BE ACCRETIVE IN YEAR TWO

• ALCON AG - OFFER REPRESENTS 59% PREMIUM TO STAAR'S 90-DAY VWAP

• ALCON AG - BOARDS OF ALCON AND STAAR UNANIMOUSLY APPROVE DEAL

• ALCON AG - TRANSACTION REPRESENTS A TOTAL EQUITY VALUE OF APPROXIMATELY $1.5 BILLION

• ALCON AG - TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION