ZIM Begins Strategic Review After Buyout Proposal
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.
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.
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.
Warner Bros. Discovery's board is thinking about reopening deal talks with Paramount Skydance after its updated offer, which could spark a bidding war with Netflix.
Werewolf Therapeutics announces a 64% workforce reduction to save money, key executives leave with severance, and a new finance officer steps in as the company explores partnerships and funding options.