Hapag-Lloyd is acquiring Israel’s ZIM in a $4.2B cash deal at $35/share (58% premium). The merger creates the world’s 5th-largest shipping giant while a new Israeli “New ZIM” keeps vital sea routes to Israel safe.
ZIM Integrated Shipping receives multiple acquisition offers as board reviews strategic alternatives. CEO's buyout proposal rejected as undervalued while evaluation continues.
Swiss shipping leader MSC submits takeover bid for ZIM, competing with Germany's Hapag-Lloyd as employees and government raise national security concerns over foreign ownership.
Hapag-Lloyd (backed by Qatar/Saudi Arabia) bids for ZIM. Workers warn the sale is a "direct danger to the security of the country," urging the government to block the vital deal.
ZIM Integrated Shipping launches a strategic review after receiving a preliminary buyout proposal from CEO Eli Glickman and Rami Ungar, with "multiple parties" expressing interest.
