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Alcon holds 76.9% of WaveLight shares
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HUENENBERG, Switzerland — Alcon has gained control of 76.9% of WaveLight's approximately 6.6 million issued and outstanding shares, the company announced in a press release.
Through Sept. 25, 3.1 million WaveLight shares were tendered to Alcon, equivalent to 47.1% of the issued and outstanding shares. Alcon has legally acquired 1.96 million shares, or 29.9% of the issued and outstanding shares, either on the stock market or through direct purchase, the release said.
As required by the German Security Purchase and Take-over Act, an additional 2-week acceptance period will begin on Sept. 29 and continue through Oct. 12. Alcon has already received approvals from the competition authorities in Germany and Austria and is awaiting cartel clearances in China, Cyprus and Spain.
"We are pleased to have received broad acceptance from the WaveLight shareholders. By controlling more than 75% of the shares, once we obtain the other regulatory approvals we can begin the process of integrating WaveLight with Alcon's existing refractive business," said Cary Rayment, Alcon's chairman, president and CEO, in the release. "We expect more WaveLight shareholders will accept our offer during this additional 2-week acceptance period to ensure they can obtain the Euro 15 per share offer price."