Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim

Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim

A competing bid is the latest twist in the saga of Hapag-Lloyd's planned takeover of Israeli shipping line Zim - even though Zim's shareholders have...

Sakal makes shock bid to buy ZIM

Even though the shareholders have already agreed the sale to Hapag-Lloyd and FIMI, the unexpected higher bid has pushed up the Israeli shipping company’s share price.

Israeli group makes surprise $4.5B bid for ZIM after merger deal

Offer, which challenges ZIM’s existing merger deal with Hapag-Lloyd and FIMI, includes a promised $250 million employee bonus and a pledge to keep ZIM’s fleet and operations under Israeli control

Hapag-Lloyd deal tested as ZIM receives richer unsolicited offer

ZIM’s board of directors was forced yesterday to issue a public statement reaffirming that its merger agreement with Hapag-Lloyd and Israeli private equity fund FIMI is legally binding, after an unexpected rival bid from Israeli businessman Haim Sakal sent the shipping company’s share price surging 9.5% on Wall Street. Sakal submitted an offer of $4.5bn …

Duty-free tycoon lodges higher bid for container line Zim

Hapag-Lloyd and FIMI said to have a binding deal in place for $300m less than Haim Sakal-led proposal

Rival takeover bid disrupts ZIM’s planned merger with Hapag-Lloyd

A high-stakes corporate battle has erupted over the future of Israel’s national shipping carrier, ZIM Integrated Shipping Services. Just days after ZIM shareholders voted overwhelmingly to approve a $4.2 billion merger with German giant Hapag-Lloyd, a rival Israeli investment group has submitted a superior counter-offer. Zim shareholders approve $4.2 billion sale to Hapag-Lloyd The $4.5 Billion “Sakal Bid” An Israeli consortium led by businessma…