ZIM Shipping Reviews Strategic Sale Proposals, Rejects CEO's Bid
ZIM Integrated Shipping receives multiple acquisition offers as board reviews strategic alternatives. CEO's buyout proposal rejected as undervalued while evaluation continues.
ZIM Integrated Shipping receives multiple acquisition offers as board reviews strategic alternatives. CEO's buyout proposal rejected as undervalued while evaluation continues.
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.