CEO Moshe Mizrahy’s Group Offers to Take InMode Private at $16.20 Per Share
Board forms special committee to evaluate the offer.
Board forms special committee to evaluate the offer.
InMode has stopped its review of buyout or merger proposals after deciding none were good enough for shareholders.
Steel Partners proposes to buy 51% of InMode shares at $18 each, a 29% premium, citing poor stock performance and excessive cash holdings.
InMode, the Israeli medical aesthetics technology company, is in advanced talks for a $1.1 billion acquisition by a foreign investment fund, representing a 25% premium.