ZIM Integrated Shipping has received a $35/share cash acquisition offer from Hapag-Lloyd. The offer implies a 1.06x P/B ratio, nearly double ZIM's historical average, and is highly attractive given ...

ZIM stock surged 34% Tuesday after Hapag-Lloyd agreed to buy the Israeli shipper for $4.2B at $35/share, a 58% premium, creating the world's 5th largest container line.

The deal, spearheaded by German titan Hapag-Lloyd (ETR: HLAG) in a strategic partnership with Israel’s FIMI Opportunity Funds, values the shipping firm well above its recent $2.7 billion market cap.

Heated discussions have begun as Israel’s Economic Affairs Committee discusses the sale of the strategically important container line to Hapag-Lloyd ...

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