SEC Info - Third Point LLC, et al. - ‘SC 13D/A’ on 3/13/08 re: Candela Corp/DE

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Third Point LLC, et al. – ‘SC 13D/A’ on 3/13/08 re: Candela Corp/DE

On: Thursday, 3/13/08, at 4:32pm ET · Accession #: 899140-8-851 · File #: 5-38137

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/13/08  Third Point LLC                   SC 13D/A               1:19K  Candela Corp/DE                   Willkie Fa… Gallagher/FA
          Daniel S. Loeb
          Third Point Offshore Fund, Ltd.

Amendment to General Statement of Beneficial Ownership — Sch. 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    First Amendment                                        9     33K

Document Table of Contents

Page	(sequential)	(alphabetic)	↑Top
		Alternative Formats (Word, et al.) Interest in Securities of the Issuer Schedule 13D Source and Amount of Funds or Other Consideration
1	1st Page – Filing Submission
"	Schedule 13D
5	Item 3. Source and Amount of Funds or Other Consideration
"	Item 5. Interest in Securities of the Issuer

SC 13D/A 1st Page of 9 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
 (Amendment No. 1)

Under the Securities Exchange Act of 1934*

 Candela Corporation
--------------------------------------------------------------------------------
(Name of Issuer)

 Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)

 136907102
--------------------------------------------------------------------------------
 (CUSIP Number of Class of Securities)

Daniel S. Loeb
 Third Point LLC
 390 Park Avenue
New York, NY 10022
(212) 224-7400
--------------------------------------------------------------------------------
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

Copies to:
 Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
 New York, NY 10019-6099
(212) 728-8000

March 11, 2008
--------------------------------------------------------------------------------
 (Date of Event which Requires
Filing of this Schedule)

If the filing person has previously filed a statement on Schedule 13G to report 
the acquisition which is the subject of this Schedule 13D, and is filing this   
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box: [ ]                                                              

NOTE: Schedules filed in paper format shall include a signed original and five  
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other    
parties to whom copies are to be sent.                                          

* The remainder of this cover page shall be filled out for a reporting person's 
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter           
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

SC 13D/A 2nd Page of 9 TOC 1st Previous Next ↓Bottom Just 2nd
  SCHEDULE 13D

------------------------------                         -------------------------
CUSIP No. 136907102                                    Page 2 of 9 Pages        
------------------------------                         -------------------------

----------- --------------------------------------------------------------------
1       NAME OF REPORTING PERSON                                        
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Third Point LLC                                         
----------- --------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                

                                                                   (a) [ ]
                                                                   (b) [X]
----------- --------------------------------------------------------------------
3       SEC USE ONLY                                                    

----------- --------------------------------------------------------------------
4       SOURCE OF FUNDS*                                                

AF                                                      
----------- --------------------------------------------------------------------
   5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)     [ ]                              
----------- --------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Delaware                                                
--------------------- --------- ------------------------------------------------
7      SOLE VOTING POWER      

0               
                      --------- ------------------------------------------------
8      SHARED VOTING POWER    
NUMBER OF SHARES                                                                
BENEFICIALLY OWNED              804,000                                         
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER                          

0               
                      --------- ------------------------------------------------
 10     SHARED DISPOSITIVE POWER

804,000         
----------- --------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON              

804,000                                                 
----------- --------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN  
SHARES* [ ]                                             

----------- --------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

3.5%                                                    
----------- --------------------------------------------------------------------
14      TYPE OF REPORTING PERSON*                                       

OO                                                      
----------- --------------------------------------------------------------------

SC 13D/A 3rd Page of 9 TOC 1st Previous Next ↓Bottom Just 3rd
  SCHEDULE 13D

------------------------------                         -------------------------
CUSIP No. 136907102                                    Page 3 of 9 Pages        
------------------------------                         -------------------------

----------- --------------------------------------------------------------------
1       NAME OF REPORTING PERSON                                        
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Daniel S. Loeb                                          
----------- --------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                

                                                                   (a) [ ]
                                                                   (b) [X]
----------- --------------------------------------------------------------------
3       SEC USE ONLY                                                    

----------- --------------------------------------------------------------------
4       SOURCE OF FUNDS*                                                

AF                                                      
----------- --------------------------------------------------------------------
   5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)     [ ]                              
----------- --------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION                            

United States                                           
--------------------- --------- ------------------------------------------------
7      SOLE VOTING POWER      

0               
                      --------- ------------------------------------------------
8      SHARED VOTING POWER    
NUMBER OF SHARES                                                                
BENEFICIALLY OWNED              804,000                                         
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER                          

0               
                      --------- ------------------------------------------------
 10     SHARED DISPOSITIVE POWER

804,000         
----------- --------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON              

804,000                                                 
----------- --------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN  
SHARES* [ ]                                             

----------- --------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

3.5%                                                    
----------- --------------------------------------------------------------------
14      TYPE OF REPORTING PERSON*                                       

IN                                                      
----------- --------------------------------------------------------------------

SC 13D/A 4th Page of 9 TOC 1st Previous Next ↓Bottom Just 4th
SCHEDULE 13D

------------------------------                         -------------------------
CUSIP No. 136907102                                    Page 4 of 9 Pages        
------------------------------                         -------------------------

----------- --------------------------------------------------------------------
1       NAME OF REPORTING PERSON                                        
   I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

Third Point Offshore Fund, Ltd.                         
----------- --------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                

                                                                   (a) [ ]
                                                                   (b) [X]
----------- --------------------------------------------------------------------
3       SEC USE ONLY                                                    

----------- --------------------------------------------------------------------
4       SOURCE OF FUNDS*                                                

AF                                                      
----------- --------------------------------------------------------------------
   5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e)     [ ]                              
----------- --------------------------------------------------------------------
6       CITIZENSHIP OR PLACE OF ORGANIZATION                            

Cayman Islands                                          
--------------------- --------- ------------------------------------------------
7      SOLE VOTING POWER      

0               
                      --------- ------------------------------------------------
8      SHARED VOTING POWER    
NUMBER OF SHARES                                                                
BENEFICIALLY OWNED              492,500                                         
BY EACH REPORTING     --------- ------------------------------------------------
PERSON WITH              9      SOLE DISPOSITIVE POWER                          

0               
                      --------- ------------------------------------------------
 10     SHARED DISPOSITIVE POWER

492,500         
----------- --------------------------------------------------------------------
11      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON              

492,500                                                 
----------- --------------------------------------------------------------------
12      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN  
SHARES* [ ]                                             

----------- --------------------------------------------------------------------
13      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)              

2.1%                                                    
----------- --------------------------------------------------------------------
14      TYPE OF REPORTING PERSON*                                       

OO                                                      
----------- --------------------------------------------------------------------

SC 13D/A 5th Page of 9 TOC 1st Previous Next ↓Bottom Just 5th
This Amendment No. 1 to Schedule 13D ("Amendment No. 1") amends the   
Schedule 13D filed on September 7, 2007 (as amended by this Amendment No. 1, the
"Schedule 13D") and is being filed on behalf of Third Point LLC, a Delaware     
limited liability company (the "Management Company"), Daniel S. Loeb, an        
individual ("Mr. Loeb"), and Third Point Offshore Fund, Ltd., a Cayman Islands  
limited liability exempted company (the "Offshore Fund", and together with the  
Management Company and Mr. Loeb, the "Reporting Persons"). This Amendment No. 1 
relates to the common stock, par value $0.01 per share (the "Common Stock"), of 
Candela Corporation, a Delaware corporation (the "Company"). The Management     
Company is the investment manager or adviser to a variety of funds and managed  
accounts (such funds and accounts, including the Offshore Fund, the "Funds").   
The Funds directly own the Common Stock to which this Schedule 13D relates, and 
Mr. Loeb and the Management Company may be deemed to have beneficial ownership  
over such Common Stock by virtue of the authority granted to them by the Funds  
to vote and to dispose of the securities held by the Funds, including the Common
Stock.                                                                          

Item 3.   Source and Amount of Funds or Other Consideration.                    

Item 3 of the Schedule 13D is hereby amended and restated as follows:           

   The Funds have expended an aggregate of approximately $9,104,621 of their
own investment capital to acquire the 804,000 shares of Common Stock held by    
them (the "Shares") on March 12, 2008. The Offshore Fund has expended an        
aggregate of approximately $5,567,980 of its own investment capital to acquire  
its 492,500 shares of Common Stock held on March 12, 2008. The Funds effect     
purchases of securities primarily through margin accounts maintained for them   
with Bear, Stearns Securities Corp., Goldman, Sachs & Co., Citigroup Global     
Markets, Inc. and UBS Securities LLC, which may extend margin credit to the     
Funds as and when required to open or carry positions in the margin accounts,   
subject to applicable Federal margin regulations, stock exchange rules and the  
firm's credit policies. In such instances, the positions held in the margin     
accounts are pledged as collateral security for the repayment of debit balances 
in the accounts.                                                                

Item 5.   Interest in Securities of the Issuer.                                 

Item 5 of the Schedule 13D is hereby amended and restated as follows:           

    (a) As of March 12, 2008, the Management Company and Mr. Loeb beneficially
owned 804,000 shares of Common Stock. The Shares represent 3.5% of the          
23,160,093 shares of Common Stock outstanding as of February 5, 2008, as        
reported in the Company's Quarterly Report on Form 10-Q for the quarterly period
ended December 29, 2007. The percentages used herein and in the rest of this    
statement are calculated based upon this number of outstanding shares. As of    
March 12, 2008, the Offshore Fund directly beneficially owned 492,500 shares of 
Common Stock, representing 2.1% of the outstanding shares of Common Stock.      

    (b) The Management Company and Mr. Loeb share voting and dispositive power
over the 804,000 shares of Common Stock held directly by the Funds. The         
Management Company, Mr. Loeb and the Offshore Fund share voting power and       
dispositive power over the 492,500 shares of Common Stock held by the Offshore  
Fund.                                                                           

5 

SC 13D/A 6th Page of 9 TOC 1st Previous Next ↓Bottom Just 6th
(c) Schedule A hereto sets forth certain information with respect to  
transactions by the Funds (at the direction of the Management Company and Mr.   
Loeb) in Common Stock during the past 60 days. Schedule B hereto sets forth     
certain information with respect to transactions during the past 60 days by the 
Offshore Fund (at the direction of the Management Company and Mr. Loeb) in      
Common Stock. All of the transactions set forth on Schedule A and Schedule B    
were effected in the NASDAQ Global Select Market. Except as set forth on        
Schedules A and B, during the past 60 days there were no transactions in the    
Common Stock effected by the Reporting Persons, nor, to the best of their       
knowledge, any of their directors, executive officers, general partners or      
members.                                                                        

    (d) Other than the Funds which directly hold the Shares, and except as set
forth in this Item 5, no person is known to have the right to receive or the    
power to direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.                                                                     

   (e) The Offshore Fund ceased to be the beneficial owner of more than five
percent of the outstanding Common Stock on March 11, 2008. Each of the          
Management Company and Mr. Loeb ceased to be the benficial owners of more than  
five percent of the outstanding Common Stock on March 12, 2008.                 

[Signatures on following page]

6 

SC 13D/A 7th Page of 9 TOC 1st Previous Next ↓Bottom Just 7th
SIGNATURES

       After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is     
true, complete and correct.                                                     

Dated:  March 13, 2008                                                          

 THIRD POINT LLC

                               By:   Daniel S. Loeb, Chief Executive Officer

      By: /s/ Keith Waller
                                     -------------------------------------------
             Name:  Keith Waller
                 Title: Attorney-in-Fact

                 THIRD POINT OFFSHORE FUND, LTD.

                By:   Daniel S. Loeb, Director

      By: /s/ Keith Waller
                                     -------------------------------------------
             Name:  Keith Waller
                 Title: Attorney-in-Fact

DANIEL S. LOEB

      By: /s/ Keith Waller
                                     -------------------------------------------
             Name:  Keith Waller
                 Title: Attorney-in-Fact

[SIGNATURE PAGE TO AMENDMENT NO. 1 TO SCHEDULE 13D
WITH RESPECT TO CANDELA CORPORATION]

SC 13D/A 8th Page of 9 TOC 1st Previous Next ↓Bottom Just 8th
                                                        [Enlarge/Download Table]


                                                    Schedule A                                                             
                                                    ----------                                                             

                                   (Transactions by the Funds in Common Stock                                              
                                             during the past 60 days)                                                      

         Date                   Transaction                       Shares                       Price Per Share($)          

------------------------ ---------------------------- --------------------------------- -----------------------------------
                                                                                                                           
        3/11/08                     SELL                         (518,700)                            3.930                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/11/08                     SELL                         (130,000)                            3.950                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/11/08                     SELL                           (500)                              3.947                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                         (15,200)                             3.674                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                         (2,800)                              3.647                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                        (650,000)                             3.520                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                         (80,000)                             3.500                
------------------------ ---------------------------- --------------------------------- -----------------------------------

SC 13D/A Last Page of 9 TOC 1st Previous Next ↓Bottom Just 9th
                                                        [Enlarge/Download Table]


                                                    Schedule B                                                             
                                                    ----------                                                             

                                (Transactions by the Offshore Fund in Common Stock                                         
                                             during the past 60 days)                                                      

         Date                   Transaction                       Shares                       Price Per Share($)          

------------------------ ---------------------------- --------------------------------- -----------------------------------
                                                                                                                           
        3/11/08                     SELL                         (424,000)                            3.930                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/11/08                     SELL                          (90,000)                            3.950                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/11/08                     SELL                           (300)                              3.947                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                          (9,400)                             3.674                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                          (1,600)                             3.647                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                         (398,700)                            3.520                
------------------------ ---------------------------- --------------------------------- -----------------------------------
        3/12/08                     SELL                         (55,500)                             3.500                
------------------------ ---------------------------- --------------------------------- -----------------------------------

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D/A’ Filing	Date	First	Last	Other Filings

Filed on:	3/13/08	7
	3/12/08	5	6	SC 13G
	3/11/08	1	6
	2/5/08	5
	12/29/07	5		10-Q
	9/7/07	5		SC 13D
				List all Filings

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Filing Submission 0000899140-08-000851 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Third Point LLC, et al. – ‘SC 13D/A’ on 3/13/08 re: Candela Corp/DE

On: Thursday, 3/13/08, at 4:32pm ET · Accession #: 899140-8-851 · File #: 5-38137

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Amendment to General Statement of Beneficial Ownership — Sch. 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to General Statement of Beneficial Ownership — Sch. 13D
Filing Table of Contents