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Israel’s Zim shipping company inks $4.2 billion takeover deal by German giant

German shipping behemoth Hapag-Lloyd announced on Monday that it has signed an agreement together with Israeli private equity fund FIMI Opportunity Funds to buy Haifa-based shipping rival Zim ...
Transport Topics

Hapag-Lloyd to Buy Competitor Zim in $4.2 Billion Deal

[Stay on top of transportation news: Get TTNews in your inbox.] Hapag-Lloyd AG is buying Israel’s Zim Integrated Shipping Services Ltd. as the German shipping company aims to grow in size and bolster ...
Seeking Alpha

Hapag-Lloyd to buy ZIM Integrated Shipping in $4.2B deal

ZIM Integrated Shipping (ZIM) said Monday that German shipping company Hapag-Lloyd (HPGLY) (HLAGF) agreed to acquire it for $35/share in cash, representing a 58% premium to ZIM's stock price on ...
Investing

ZIM’s $35 Buyout: An Arbitrage Play With a Solid Floor

In a global shipping industry defined by geopolitical crosscurrents and economic uncertainty, identifying value requires a focus on companies that demonstrate operational resilience and unique, ...
Bloomberg L.P.

Hapag-Lloyd to Buy Competitor Zim in $4.2 Billion Deal

Hapag-Lloyd AG is buying Israel’s Zim Integrated Shipping Services Ltd as the German shipping company aims to grow in size and bolster its presence in Asia. The agreement for a cash deal at $35 a ...