Jun. 24 at 7:11 PM
$INMD to everyone complaining about the
$16.20 offer - relax, this is just a standard low ball starting offer, standard practice. It will obviously not be accepted as is, but will be bid up. The fact that Moshe has
$200M of debt financing available suggests he is willing to pay about
$20 per share. (=
$200M financing / 52.9M shares excl Moshe's shares =
$3.78/share available to sweeten the deal). This means that the debt facility would allow him to pay up to
$19.98 (=
$16.20 initial offer +
$3.78 adjustment with debt financing). I think the board will accept this offer and expect it to be in the
$19-20 range when it's all said and done.
