Alcon Achieves Required Ownership in WaveLight AG to Initiate Squeeze-out

Alcon, Inc., (NYSE: ACL) announced that the company has achieved ownership of more than 95 percent of the share capital of WaveLight AG (ISIN: DE0005125603). Under the provisions of the German Stock Corporation Act, Alcon is deemed to be the principal shareholder of WaveLight’s approximately 6.6 million issued and outstanding shares. The company has notified the WaveLight board of directors of its intention to acquire all remaining outstanding shares in accordance with the “squeeze-out” provisions of German securities law. Alcon intends to acquire these remaining shares in exchange for appropriate cash compensation following the WaveLight annual general meeting to be held on August 28,...

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