The Israeli shipping company Zim Integrated Services (NYSE: ZIM) attracted the interest at the end of last week, as it published an almost 5 % increase in its share price, after the Investment Street Insider website was martyred with a source that says that the CEO of Eli Glickman was considering the acquisition of the administration's acquisition. No price has been mentioned.
The report follows the notification in December by IDAN Offer, that he sold his remaining shares in Zim, leaving the company without a dominant shareholder.
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The ZIM price has decreased by 11 % so far this year, giving it the maximum current market of $ 2.5 billion. Last year, the arrow was completely volatile, as it decreased with lower shipping prices, and then increased again, among other things due to the renewed threats by the Houthi rebels in Yemen to shipping in the Red Sea, which leads to longer charging methods and thus to a decrease in the availability of ships, which enabled Zim to raise prices again.
Zim became listed on the New York Stock Exchange after undergoing two large debts. In 2009, the debt of $ 7 billion renovated, and in 2014, she shaved 50 % on debts of $ 3.4 billion. The float was implemented by the pre -money evaluation of $ 1.5 billion. After a period when it was drifted, the arrow benefited from the following winds in the form of high shipping prices, and the company's market value increased to its peak of $ 10 billion in 2022.
Investing.com, Jefferies, Omar Nocta, quotes that investors may oppose such a deal at the current stock price, and that the rules for changing control in Israel may make the treatment difficult.
Zim stated in response that “the company does not respond to market speculation.”
It was published by Globes, Israel Business News – En.globles.co.il – on March 9, 2025.
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