M&A
confidence high
sentiment positive
materiality 0.95
Alcon acquires LENSAR for $14.00/share cash plus CVR up to $2.75, total ~$430M
LENSAR, Inc.
- Per-share consideration: $14.00 cash plus contingent value right (CVR) of up to $2.75 if 614,000 cumulative procedures achieved by Dec 31, 2027.
- Total potential consideration of ~$430M; represents 24% premium to 30-day VWAP and 47% to 90-day VWAP.
- North Run affiliates, representing ~45.8% of voting power, entered voting agreement to support the merger.
- Transaction expected to close mid-to-late 2025, subject to regulatory approvals and LENSAR stockholder approval.
- LENSAR's ALLY Robotic Cataract Laser System and Streamline software strengthen Alcon's cataract equipment portfolio.