InMode rises on $930 million buyout offer

InMode

24/06/2026 15:17

Updates
** U.S.-listed shares of Israel-based medical device maker InMode INMD.O rise as much as 10.4% to over a four-month high of $14.9
** Co says it had received an unsolicited proposal from a group, which includes its co-founder and CEO Moshe Mizrahy, to acquire remaining shares in a deal valued at roughly $930 million 
** The offer, submitted on June 17 by M.N. Business Strategy, is to acquire all outstanding shares not already owned by the group for $16.20 per share in cash
** The offer represents a roughly 21% premium to Tuesday’s close and values the company at about 12 times estimated 2027 earnings and 7 times EBITDA - BTIG 
** INMD says its board has formed a special committee of independent directors to evaluate the proposal with its advisers
** There can be no assurance as to whether this evaluation will result in a transaction or any other strategic outcome for the company, or as to the timing or terms of any such transaction or outcome - INMD 
** Including session's moves, stock up 0.5% YTD 

 (Reporting by Siddhi Mahatole)
 ((siddhi.mahatole@thomsonreuters.com))