InMode Prevails in Court as Steel Partners' Injunction Bid Is Denied in Takeover Battle
INMD sits 19% above its 52-week low of $12.72.
Summary
An Israeli court denied Steel Partners' request for an injunction against InMode in the takeover battle, clearing the way for the board to continue evaluating competing bids.
Key Events · Legal and Risk Events · INMD
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Injunction Denied
The Haifa District Court denied Steel Partners' urgent application for temporary injunctive relief in its entirety, ruling in favor of InMode and its directors.
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Costs Awarded to InMode
The court awarded InMode and its directors certain costs incurred in preparing their response to the application.
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Takeover Process Unblocked
The ruling removes a legal hurdle that could have stalled the Special Committee's evaluation of the competing $16.20 CEO-led bid and Steel Partners' $16.75 offer.
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Next Steps Unchanged
The Special Committee continues its review of both offers; no new deadlines or votes have been announced.
Analysis · INMD · Industrial Applications And Services
The Israeli court denied Steel Partners' urgent application to halt InMode's review of the CEO-led take-private bid, removing a legal obstacle that could have delayed or disrupted the board's evaluation of competing offers. The ruling strengthens the Special Committee's hand in running a controlled process, but the underlying contest between the $16.20 CEO-led bid and Steel Partners' $16.75 offer remains unresolved. The award of costs to InMode adds a minor financial sting to Steel Partners' loss.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1065 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INMD was trading at $15.14 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $870.3M. The 52-week trading range was $12.72 to $16.74. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.