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 already approved Hapag's offer. An Israeli businessman, Haim Sakal, has reportedly offered $4.5 billion in cash for all of ZIM, about $300 million more than the joint offer from Hapag-Lloyd and the Israeli investment fund FIMI. The new offer includes a $250 million employee bonus and a promise of continued Israeli control of the Zim...
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