Steel Partners Proposes Acquisition of 51% Stake in InMode
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Businesswire
- Acquisition Proposal: Steel Partners has proposed to acquire 51% of InMode's shares at $18.00 each, representing a 29% premium over the closing price on January 23, 2026, indicating strong confidence in InMode's future value.
- Insufficient Shareholder Returns: InMode currently holds $532.3 million in cash, nearly 50% of its market cap, yet has failed to return value to shareholders, resulting in total shareholder returns of -19.18%, -59.35%, and -53.24% over the past one, three, and five years.
- Communication Barriers: Despite multiple attempts by Steel Partners to engage with InMode's management regarding their acquisition proposal, they have been rebuffed, prompting the need to reach out to shareholders directly for support.
- Future Growth Potential: Steel Partners intends to drive InMode's sales growth through enhanced commercial effectiveness, deeper customer engagement, and product innovation, while also pursuing strategic acquisitions to expand its product portfolio and market reach.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
