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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 …
Hapag-Lloyd deal tested as ZIM receives richer unsolicited offer
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