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EXHIBIT 21.2
FOR IMMEDIATE RELEASE: November 13, 2000
CANDELA CORPORATION
ANNOUNCES AMENDMENT
TO STOCKHOLDER RIGHTS PLAN
Wayland, MA, November 13, 2000 -- Candela Corporation (NASDAQ: 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 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 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 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, 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.
