Terminal X and Soho: what the proposed deal means
The proposed Terminal X purchase of a controlling stake in Soho: the price, retail business and conditions in the nonbinding memorandum.
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Terminal X announced a proposed controlling stake in Soho on 16 September.
The nonbinding terms set out 50.01% of the shares and voting rights for 11 million shekels. Soho sells design and lifestyle products through 12 stores and an online shop.
If the purchase closes, Terminal X would be entitled to appoint most of Soho's directors. The memorandum also provides a route to increase its stake later, subject to agreed conditions.