Business
ZIM to be Acquired by Hapag-Lloyd for $35.00 per Share in Cash at Aggregate Cash Consideration of Approximately $4.2 Billion; New Israeli Company, "New ZIM", to Acquire Portion of ZIM's Business
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today announced that it has entered into a merger agreement, under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. The total transaction represents an equity value of approximately $4.2 billion, and the price per share of $35.00 represents a 58% premium to ZIM's stock price on February 13, 2026, a 90% premium to ZIM's 90-day WVAP and a 126% premium to ZIM's unaffected stock price of $15.50 on August 8, 20
About this update from Zim Integrated Shipping Services Ltd.
[{"type":"text","content":"Represents 58% Premium to ZIM's Prior-Day Closing Stock Price and 126% Premium to ZIM's Unaffected Stock Price","length":118,"tagName":"p","attribs":{}},{"type":"text","content":"Combined Company Will Increase its Service Offerings to Customers Through an Expanded Global Network on Key Transpacific, Intra Asia, Atlantic, Latin America and East Mediterranean Trades","length":187,"tagName":"p","attribs":{}},{"type":"text","content":"FIMI Opportunity Funds Will Form "New ZIM" with 16 Vessels Securely Serving Main Global Trade Routes into Israel","length":127,"tagName":"p","attribs":{}},{"type":"text","content":""New ZIM" Will Receive Commercial Support from Hapag-Lloyd and Will Have Access to Gemini Network","length":107,"tagName":"p","attribs":{}},{"type":"text","content":"Transaction Expected to Close by Late 2026","length":42,"tagName":"p","attribs":{}},{"type":"text","content":"HAIFA, Israel, Feb. 16, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today announced that it has entered into a merger agreement, under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. The total transaction represents an equity value of approximately $4.2 billion, and the price per share of $35.00 represents a 58% premium to ZIM's stock price on February 13, 2026, a 90% premium to ZIM's 90-day WVAP and a 126% premium to ZIM's unaffected stock price of $15.50 on August 8, 2025 prior to market speculation.","length":618,"tagName":"p"},{"type":"image","alt":"ZIM Logo","displaySize":"","headline":null,"caption":"ZIM Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":128,"url":"https://media.zenfs.com/en/prnewswire.com/77a77b0ff3d3e5e2ef8d320f4fd88a71"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/MvFDGEOXaaSD6Uy0DoH.Jg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/77a77b0ff3d3e5e2ef8d320f4fd88a71","width":400,"height":128}}},{"type":"text","content":"Strategic Benefits","length":18,"tagName":"p"},{"type":"text","content":"The combination of the two carriers further strengthens ZIM's global market position and secures Hapag-Lloyd's status as the fifth-largest container shipping company worldwide. The transaction creates ...