AcquisitionsJul 20, 2026, 04:07 PM
InMode Special Committee Reviews Two Acquisition Proposals
AI Summary
InMode Ltd.'s Special Committee of the Board of Directors provided an update to shareholders regarding its ongoing review of acquisition proposals. The Committee is independently evaluating two distinct proposals: one from a group including Meir Shamir and the Company's CEO, and another from Steel Partners Holdings L.P. to acquire 100% of InMode. The Committee, which has retained independent advisors and possesses full authority, reiterated its commitment to acting solely in the best interests of all shareholders. There is no assurance as to the outcome or timing of this process, and no agreement has been reached.
Key Highlights
- Special Committee of InMode's Board formed to review acquisition proposals.
- Evaluating two proposals: one from Meir Shamir and the CEO group.
- Second proposal from Steel Partners Holdings L.P. for 100% acquisition.
- Committee emphasizes independence and acting in all shareholders' best interests.
- Retained independent legal counsel and is engaging additional advisors.
- Granted full authority to review, negotiate, and recommend or reject proposals.
- No assurance on outcome or timing; no agreement has been reached.
Price Impact
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