InMode stock surges on Steel Partners’ $16.75 buyout offer By Investing.com
InMode Ltd (NASDAQ:INMD) shares rose about 4% premarket after Steel Partners Holdings offered to buy the company for $16.75 per share in cash. Steel Partners, a major shareholder, cited a 20% premium to $13.95 and said it would allow rollover of up to 40% of equity into Steel-owned InMode. It urged an independent committee, challenged CEO Moshe Mizrahy, and referenced 2026 adjusted EBITDA of $65 million versus guidance of $73 million to $78 million.
How this was made
The 30-second read
Why it matters
The disclosed $16.75 cash offer, premium vs unaffected price, competing $16.20 proposal, and July 13 response deadline create actionable takeover-arb and event-driven trading conditions for INMD.
Market read
Deal terms and governance demands are likely to drive near-term price action and increase uncertainty around process, valuation, and timing.
What to watch
Steel Partners alleges CEO share purchases and conflicts in the buyer group, which could slow committee formation or trigger legal/governance friction affecting deal timing.
Background
Steel Partners, a significant shareholder, sent a letter to InMode’s board calling for an independent special committee and independent investment bank engagement.
Ticker impact
InMode shares rose premarket after Steel Partners offered to buy the company for $16.75 per share in cash.
Likely continued volatility and upside bias while the board forms a special committee and responds to the July 13 deadline.
The article discloses a specific cash offer price, premium vs unaffected price, a competing bid, and a board response deadline, all of which directly affect takeover probability and deal terms.
Market effects
Could modestly lift sentiment for medical device/healthcare equipment M&A optionality, but the article is company-specific.
Limited, as the catalyst is a US-listed takeover bid for a single issuer.
Low, since the disclosed terms and deadlines are US-focused and do not indicate broader cross-border policy changes.
Counterpoint
The offer may face rejection or dilution risk if the board concludes the valuation is below guidance or if governance concerns escalate.
Key entities
- public_companyInMode Ltd
Subject of the buyout offer; its stock is reacting to Steel Partners’ $16.75 per share cash bid.
- shareholderSteel Partners Holdings L.P.
Significant shareholder proposing to acquire InMode and demanding governance changes.
- executiveMoshe Mizrahy
CEO whose competing $16.20 proposal and alleged conduct are cited by Steel Partners.
