It turns out that Syneron Medical Ltd. will get a nice rebate on its $65 million acquisition of Candela Corp.
Candela, the Wayland, Mass.-based cosmetic laser maker, ended the first quarter of fiscal 2010 with more than $23 million in the bank, down slightly from the same period last year but still enough to cover about a third of the price Syneron agreed to pay for Candela last month.