en.Wedoany.com Reported - Israeli businessman Haim Tsachar has recently launched a competing takeover bid for ZIM Integrated Shipping Services, offering $4.5 billion in cash for the NYSE-listed shipping company, $300 million more than the deal reached between Hapag-Lloyd and the FIMI Opportunity Fund. However, this offer comes after Hapag-Lloyd's acquisition proposal was approved by ZIM shareholders last week.

Upon learning of the offer, ZIM stated: "The company's Board of Directors reaffirms that, following approval by ZIM shareholders at the shareholders' meeting on April 30, 2026, the merger agreement signed with Hapag-Lloyd is binding on all parties." ZIM indicated it will proceed with regulatory approvals and reiterated its continued support for the merger transaction with Hapag-Lloyd, with all parties continuing to engage with relevant regulatory authorities to satisfy the regulatory conditions in the agreement and complete the transaction.

According to Globes, Tsachar's offer is $37.50 per share, compared to Hapag-Lloyd's $35 per share, with an additional $250 million allocated for employee benefits. Legally, accepting Tsachar's offer could be difficult for ZIM. Questions also exist regarding how Tsachar would finance the $4.5 billion bid. Following the news, ZIM's stock price surged 10% at one point, rising to just over $29, before pulling back to close at $27.84.

Under Hapag-Lloyd's offer, a new Israeli shipping company will be established, owned by the Israeli private equity fund FIMI, which will take over the ZIM brand, the state golden share, and 16 vessels from the existing ZIM fleet.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com