Jobookit Holdings Ltd. (TASE:JBKT) signed a memorandum of understanding to acquire 51% stake in Laburame S.A. on September 4, 2016. The memorandum establishes a no-shop period of 60 days for the Laburame and its limited partners. Under the memorandum of understanding, Laburame’s shareholders will provide full-time services for a period of at least two years from completion. Completion is subject to a due diligence period and a profound investigation of Laburame. Memorandum will expire within 60 days if a definitive agreement is not signed.