Opinion not investment advice.
Plans for ZIM to be delisted and be private
ZIM’s CEO Eli Glickman is reported in discussion with Israeli shipping magnate Abraham Unger to take ZIM private at $2.4b. ZIM was listed on the New York Stock Exchange 4 years ago. Ungar operates ro-ro Ray Shipping and has real estate interests. The privatization would need a 95% acceptance by shareholders and Israeli government approval.
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its a rumour. they will be sent on vacation.