
Jan 28 (Reuters) - Inmode Ltd INMD.O:
STEEL PARTNERS HOLDINGS L.P. ANNOUNCES IT HAS PRESENTED $18.00 PER SHARE OFFER FOR 51% OF INMODE LTD. TO BOARD OF DIRECTORS
STEEL PARTNERS HOLDINGS L.P.: BENEFICIALLY OWNS ABOUT 1.3% OF OUTSTANDING SHARES OF INMODE LTD.
STEEL: PROPOSAL FOR INMODE TO BE FULLY FUNDED FROM CASH ON HAND & BORROWING CAPACITY UNDER EXISTING CREDIT FACILITY, WITH NO FINANCING CONTINGENCY
STEEL: IN ABSENCE OF COOPERATION BY INMODE, MAY ELECT TO PROCEED WITH BRINGING BINDING PROPOSAL DIRECTLY TO SHAREHOLDERS