Israeli e-commerce company Jeffs' Brands Ltd (NASDAQ: JFBR), operating on the Amazon Marketplace, has signed a non-binding term sheet with a company incorporated in England engaged in the sale of pest control products through Amazon.uk to target the USD 2bn pest control products market, the company said.
As contemplated by the Term Sheet, Jeffs' Brands will acquire the UK company and its five private label brands, currently being sold on Amazon.uk, for approximately USD 2.5 m in cash.
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