InMode Receives Unsolicited Bid From Steel Partners

Corporate Action
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InMode has received an unsolicited acquisition bid from Steel Partners Holdings on July 9. The company formed a special committee of primarily independent directors to evaluate the bid with legal and financial advisors. In pre-market trading, INMD shares rose 1.60% to $15.25 on the Nasdaq.

Impact on stocks 1

Health Care · 1 stocks
InMode Ltd
INMD
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InMode received an unsolicited acquisition bid from Steel Partners, which is a financial/valuation event that typically boosts the stock price.