Article: Texas-Based Eye Products Maker Alcon to Buy Laser Systems Company.(Knight Ridder/Tribune Business News)

May 27--Fort Worth-based Alcon Laboratories Inc. has agreed to acquire Summit Technology Inc., a maker of laser surgery equipment, for $893 million.

Alcon, a division of Switzerland-based Nestle SA, said it would begin a $19-a-share tender offer by June 5.

Shares of Summit surged $5.81 on Friday, or almost 46 percent, to close at $18.50.

Alcon produces eye-care products and technologies, including surgical instruments and accessory products, prescription drugs and contact lens care products.

Summit, based in Waltham, Md., produces laser systems designed to correct vision disorders such as nearsightedness, farsightedness and ...

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