BUZZ-InMode to review Steel Partners' buyout offer, shares up

InMode Ltd.

InMode Ltd.

INMD

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** U.S.-listed shares of Israel-based medical device maker InMode INMD.O up 1.5% at $15.23 premarket

** Co confirms its board received an unsolicited acquisition proposal from Steel Partners, an investment firm and long-time shareholder

** INMD says a special committee of independent directors, along with legal and financial advisers, will review Steel's proposal

** On Thursday, Steel Partners offered to buy INMD for $16.75 per share in cash, valuing INMD at about $963 million, according to Reuters calculations

** Last month, INMD said it had received an unsolicited proposal from a group that included INMD's CEO Moshe Mizrahy Mizrahy to buy all shares not already owned by the group for $16.20/shr in cash

** As of last close, INMD up 2.2% YTD


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