InMode issues shareholder letter on special committee review of acquisition proposals

InMode’s board special committee said it has started reviewing acquisition proposals submitted to the company.

• Two proposals are under review: a bid led by Meir Shamir with the CEO, and Steel Partners’ offer to buy 100%.
• The committee said Steel Partners previously sought a majority stake, not a full buyout, which it said raises different issues for unaffiliated holders.
• Independent directors said the process is separate from management or any single shareholder, with authority to negotiate or reject proposals.
• Shareholders would vote if the committee recommends a deal and the board adopts it.