Update: InMode Shares Rise After Steel Partners Makes Offer for Majority Stake
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InMode shares rose 5.2% after Steel Partners made an offer to acquire 51% of the company at $18 per share, a 29% premium over the previous closing price. Steel Partners, which owns 1.3% of InMode, stated that their attempts to engage with InMode's leadership were rebuffed. InMode responded that it does not comment on rumors and will evaluate matters according to its fiduciary duties.
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