Alcon makes a move for WaveLight
Alcon has announced its intention to acquire WaveLight AG by means of a friendly takeover, with both parties entering into a business combination agreement.
Alcon has announced its intention to acquire WaveLight AG by means of a friendly takeover, with both parties entering into a business combination agreement.
Alcon will reportedly offer 10 per share in cash for all issued WaveLight shares. WaveLight's Executive Committee reportedly supports the transaction and will recommend to the shareholders that it be accepted, subject to a review of the published tender offer document.
The deal will be contingent on the fulfilment of various terms and conditions, including a minimum acceptance threshold of 75% of WaveLight's issued shares and approval by the relevant merger control authorities.
