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On June 28, 2010, Alcon's Independent Director Committee announced that a recommendation by the Committee was an indispensable first step before the board of the company can decide on the merger proposal of Novartis AG , refuted Novartis’ public implications that it would be able to unilaterally impose the merger irrespective of the Independent Director Committee’s position once Novartis became Alcon’s majority shareholder. On July 8, 2010, Alcon's independent director committee (IDC) had set up a $50 million litigation trust to ensure company's minority shareholders get the best deal from bidder Novartis AG. [5]

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