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Brief: Steel Partners Holdings L.P. Announces It Has Presented $18.00 Per Share Offer For 51% Of Inmode Ltd. To Board Of Directors

Jan 28 (Reuters) - Inmode Ltd INMD.O:

STEEL PARTNERS HOLDINGS L.P. ANNOUNCES IT HAS PRESENTED $18.00 PER SHARE OFFER FOR 51% OF INMODE LTD. TO BOARD OF DIRECTORS

STEEL PARTNERS HOLDINGS L.P.: BENEFICIALLY OWNS ABOUT 1.3% OF OUTSTANDING SHARES OF INMODE LTD.

STEEL: PROPOSAL FOR INMODE TO BE FULLY FUNDED FROM CASH ON HAND & BORROWING CAPACITY UNDER EXISTING CREDIT FACILITY, WITH NO FINANCING CONTINGENCY

STEEL: IN ABSENCE OF COOPERATION BY INMODE, MAY ELECT TO PROCEED WITH BRINGING BINDING PROPOSAL DIRECTLY TO SHAREHOLDERS

Source text: ID:nBw7rpGfFa

Further company coverage: INMD.O

 ((Reuters.Briefs@thomsonreuters.com;))

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