Steel Partners opposes CEO-led buyout offer for InMode as value-destructive

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

Steel Partners has voiced serious concerns over a $16.20 CEO-led buyout offer for InMode, calling it value-destructive and urging the board to ensure a fair sales process. Executive Chairman Warren G. Lichtenstein wrote to InMode's board on Tuesday, criticizing governance failures that could allow CEO Moshe Mizrahy to acquire the company at a price below a previously rejected $18 per share offer from Steel Partners itself. The investor is demanding a truly independent investment bank, a genuinely independent special committee, and that Mizrahy step down as CEO during the process. Fellow shareholder DOMA Perpetual Capital Management also said last Friday it would vote against the proposal.

Impact on stocks 1

Health Care▼ · 1 stocks
InMode Ltd
INMD
▼ NegativeCapitalrelevance

CEO-led buyout offer at $16.20 is opposed by major shareholder as value-destructive, threatening deal failure or lower price.

Off-coverage companies 2

Steel Partners Holdings L.P.Private± Mixed
relevance

Steel Partners is the activist investor opposing the buyout, but the news is about InMode, not Steel Partners' own business.

DOMA Perpetual Capital ManagementPrivate± Mixed
relevance

© 2026 MarketDXNews