AcquisitionsJun 24, 2026, 08:37 AM
InMode Confirms Unsolicited Acquisition Proposal at $16.20/Share
AI Summary
InMode Ltd. confirmed receipt of an unsolicited proposal from M.N. Business Strategy, Ltd. to acquire all outstanding ordinary shares not already owned by the group for $16.20 per share in cash. M.N. Business Strategy includes the company's co-founder and CEO, Moshe Mizrahy. In response, InMode's Board of Directors has formed a special committee of independent directors to evaluate the proposal, with no assurance of a resulting transaction.
Key Highlights
- InMode Ltd. received an unsolicited proposal from M.N. Business Strategy, Ltd. on June 17, 2026.
- The proposal is to acquire all outstanding ordinary shares not owned by MN Business Strategy for $16.20 per share in cash.
- M.N. Business Strategy includes Moshe Mizrahy, InMode's co-founder and CEO.
- The Board of Directors has formed a special committee of independent directors to evaluate the proposal.
- There is no assurance that the evaluation will result in a transaction or any other strategic outcome.
Price Impact
More from INMD