Base case: current Hapag-Zim deal falls at Golden Share hurdle

As opposition mounts against Hapag-Lloyd’s (HL) $4.2bn takeover of Zim’s international shipping business, could the Israeli government be about to scupper the deal? Its share price movement – or lack thereof in the mid-$20 area; at a steep near-30% discount against HL’s $35/share cash offer – clearly indicates that the transaction continues to hang in the balance. As we know…  Hapag-Ll **Source:** The Loadstar Read full article →