BRIEF-Jeffs' Brands Enters Into A Non-Binding Letter Of Intent For The Sale Of Its U.S. Subsidiary To A U.S. Public Company, At A Valuation Of Approximately $13.125 Million

Reuters10-30

Oct 30 (Reuters) - Jeffs Brands Ltd :

* JEFFS' BRANDS ENTERS INTO A NON-BINDING LETTER OF INTENT FOR THE SALE OF ITS U.S. SUBSIDIARY TO A U.S. PUBLIC COMPANY, AT A VALUATION OF APPROXIMATELY $13.125 MILLION

* JEFFS BRANDS LTD - TO SELL SMART REPAIR PRO FOR UP TO 90% EQUITY STAKE

* JEFFS BRANDS LTD - SMART REPAIR PRO VALUED AT $13.125 MILLION IN TRANSACTION

Source text: Further company coverage:

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

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