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The opposition from major stakeholders like Yunqi and Broadwood indicates weak market confidence in the acquisition, which may negatively impact ALC as it seeks to complete the acquisition. Historical context shows that opposition to merger proposals can lead to stock price declines when investor confidence wanes.
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Alcon's revised offer for STAAR is $30.75 per share. Yunqi Capital opposes the acquisition and criticizes the sale process. Broadwood Partners also disapproves of the proposed sale terms. STAAR shares have dropped 5.65% post-announcement. Concerns raised about limited competitive bidding and transparency.
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