US Stock Market Move | STAAR Surgical (STAA.US) surged more than 15% in pre-market trading as Alcon increased its acquisition offer to $1.6 billion.

On Tuesday, STAAR Surgical (STAA.US) soared over 15% in pre-market trading, reaching $27.15. In terms of news, Alcon announced that it has increased its offer to acquire STAAR Surgical to a total equity value of around $1.6 billion, up from the previous $1.5 billion. According to the revised agreement terms, Alcon will purchase all of STAAR Surgical's outstanding shares at a price of $30.75 per share in cash, higher than the previous offer of $28 per share. Alcon stated that this deal represents a 74% premium over STAAR's 90-day volume-weighted average price and a 66% premium over the closing price of STAAR stock on August 4 (the day before the merger announcement).