Steel Partners Offers $16.75 a Share for InMode; Stock Rises in Pre-Market Trading
InMode Ltd shares climbed about 4% in pre-market trading after Steel Partners Holdings L.P. filed a cash offer of $16.75 per share. The bid represents a 20% premium to the unaffected price and tops a rival $16.20 per share proposal from CEO Moshe Mizrahy. Steel Partners seeks board engagement, an independent special committee and the removal of Miz…