Brief: Jeffs’ Brands To Acquire Amazon.Uk Market Leader In $2 Billion Market Of Pest Control Products For $1.9 Million

Nexera Technologies

06/03/2023 13:25

March 6 (Reuters) - Jeffs Brands Ltd  JFBR.O :
    * JEFFS’ BRANDS TO ACQUIRE AMAZON.UK MARKET LEADER IN THE $2
BILLION MARKET OF PEST CONTROL PRODUCTS FOR $1.9 MILLION
    * JEFFS BRANDS LTD - ENTERED INTO A DEFINITIVE AGREEMENT TO
ACQUIRE ENTIRE SHARE CAPITAL OF FORT PRODUCTS LTD
    * JEFFS BRANDS LTD - WILL ACQUIRE ALL OF OUTSTANDING SHARES
OF
FORT IN CASH, FOR APPROXIMATELY $1.92 MILLION
    * JEFFS BRANDS LTD - ADJUSTED PURCHASE PRICE IS ESTIMATED TO
BE
APPROXIMATELY $2.4 MILLION
    * JEFFS BRANDS - COMPLETION OF DEAL IS CONDITIONED ON CO
ENTERING
INTO SETTLEMENT AGREEMENTS WITH ALL EMPLOYEES
    * JEFFS BRANDS - CO INTENDS TO CARRY OUT OPERATIONAL CHANGES
IN
CO'S BUSINESS
    * JEFFS BRANDS - CHANGES IN CO'S BUSINESS ALLOW CO TO WIND
DOWN
ACTIVITIES CONDUCTED IN LEASED WAREHOUSE, MOVE ALL SUCH
OPERATIONS TO AMAZON WAREHOUSES

Source text for Eikon:  ID:nGNX6qWbLS 
Further company coverage:  JFBR.O 

 ((Reuters.Briefs@thomsonreuters.com;))