📉 ZIM $ZIM tumbles -6.8% as Israel’s own government moves to block Hapag-Lloyd merger
ZIM Integrated Shipping fell 6.8% Monday after Israel’s Ministries of Economy and Agriculture, plus the Shipping and Ports Authority, all officially opposed ZIM’s planned merger with Germany’s Hapag-Lloyd. The deal was priced at $35/share, but ZIM is now trading roughly 26% below that takeover price — a spread that screams deal risk. New CEO Dr. Chen Lichtenstein just started July 1. Not financial advice. With Israel’s regulators pushing back hard, do you think this deal gets done?
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