Candela Corporation Announces Amendment to Stockholder Rights Plan.Business Editors/Health and Medical Writers WAYLAND, Mass.--(BW HealthWire)--Nov. 13, 2000 Candela candela (kăndĕ`lə), in weights and measures: see candle. A unit of measurement of the intensity of light. Part of the SI system of measurement, one candela (cd) is the monochromatic radiation of 540THz with a radiant intensity Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLZR), a leading developer of aesthetic laser systems, announced today that it has amended its Stockholder Rights Plan effective November 9, 2000. Candela's Rights Plan, originally approved in September of 1992, is designed to deter coercive co·er·cive adj. Characterized by or inclined to coercion. co·er  cive·ly adv. or unfair takeover tactics and to prevent an acquirer from gaining control of the Company without offering a fair price to all of the Company's stockholders. Under the Rights Plan, each share of Common Stock is deemed to have attached to it a purchase right initially entitling the holder to purchase from the Company one share of Common Stock at an initial exercise price of $48.00 per share. Such purchase rights become exercisable for additional shares of Candela Common Stock upon the occurrence of a Triggering Event Triggering EventA certain milestone or event that a participant in a qualified plan must experience in order to be eligible to receive a distribution from a qualified plan. as defined in the Rights Plan. The Rights Plan was amended principally to adjust the threshold for becoming an Acquiring Person under the Rights Plan from 25% to 30% of the Company's outstanding Common Stock, and to make certain other technical modifications. About Candela Candela Corporation develops, manufactures, and distributes innovative clinical solutions that enable physicians, surgeons and personal care practitioners to treat selected cosmetic and medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. using lasers, aesthetic laser systems and other proven technologies. Founded near Boston in 1970, Candela markets and services its products in over 50 countries from offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Asia. Candela established the aesthetic laser market 11 years ago. With an installed base of over 4,000 lasers worldwide, more than 500,000 aesthetic laser procedures are performed annually with Candela laser systems. For more information about Candela, visit the company's web site at http://www.clzr.com. |
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