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Alcon granted all regulatory clearances for WaveLight acquisition

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HUENENBERG, Switzerland — Alcon has received all required regulatory clearances related to its tender offer for WaveLight AG, the company announced in a press release.

With all closing conditions satisfied, Alcon has commenced closing the offer and has directed its agent, Deutsche Bank AG, to proceed with cash settlement for tendered shares. Upon settlement, Alcon will own 77.4% of outstanding WaveLight shares, the release said.

Settlement is expected to take place on Nov. 9.

Shareholders who tendered their shares under the offer will automatically receive payment against their tendered shares in accordance with the terms of the offer, according to the release.