ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw a 14.9% increase in share prices on Monday, closing at $17.81 amid rumors of a $2.4 billion acquisition plan. The offer, if successful, would take the company private and remove it from NYSE listing.
The reported acquisition would merge ZIM Integrated Shipping Services Ltd. with magnate Rami Unger’s shipping company, offering a significant premium to the company’s market capitalization of $1.87 billion. Investors eagerly await the company’s financial results and confirmation of the privatization news next Wednesday.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) aims to generate between $1.6 billion and $2.2 billion in adjusted EBITDA, and $350 million to $950 million in adjusted EBIT for the full year 2025. However, some investors see greater potential in AI stocks for higher returns and lower risks, suggesting alternative investment opportunities.
Read more at Yahoo Finance: ZIM Integrated (ZIM) Climbs 14.9% on Acquisition Rumors