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Medical Laser Makers Merging

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YOKNEAM, Israel & WAYLAND, Mass., Sept. 9, 2009 – Israel-based Syneron Medical Ltd. and Candela Corp. of Wayland, Mass., announced today that they will merge in an all-stock transaction valued at approximately $65 million. The new company will have annualized revenues of more than $180 million, ranking it among the leading medical aesthetic device companies in the industry, the companies said. Under terms of the merger agreement, which was unanimously approved by the boards of both companies, Candela shareholders will receive 0.2911 shares of Syneron for each share of Candela stock they own. That is a value of $2.84 per share, or a...Read full article

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    Published: September 2009
    Glossary
    candela
    SI unit of luminous intensity. It is defined as one sixtieth the normal intensity of one square centimeter of a blackbody at the solidification temperature of platinum. A point source of one candela intensity radiates one lumen into a solid angle of one steradian.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    acneaestheticantitrustBiophotonicsBusinessCandelacombinedcosmeticEmploymenthair removalindustrialmedicalmergeNews & FeaturesphotonicsPuorroScafurishareshareholdersstockSynerontransactionwrinkleLasers

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