Feb. 2 at 4:28 AM
$INMD MOSHE SELLING COMPANY FOR
$16
The battle for InMode
There are three bidders for InMode. Two bidders in the official process led by Bank of America for selling the company outright are private equity firm Centroid of South Korea, and a group of Israeli and US investors that includes Meir Shamir, controlling shareholder in Mivtach Shamir Holdings, and Mizrahy himself.
These two are offering
$1-1.1 billion for the company (
$16-17 per share). The deadline for final bids is in mid-February.
According to Mizrahy, the group in which he is a partner is supported by 40 senior managers and employees at InMode, and it intends to keep the company’s existing activity in Israel, and to distribute 15% of the company as options to the employees.
https://www.globes.co.il/news/article.aspx?did=1001533596