Steel Partners comes out against `value-destructive' CEO-led buyout offer for InMode
Steel Partners opposes InMode's $16.20 CEO-led buyout, citing governance failures and value destruction. The investor urges the board to appoint an independent investment bank and special committee, remove CEO Moshe Mizrahy during the process, and halt share purchases to protect shareholders. This follows DOMA Perpetual Capital Management also rejecting the proposal.
