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0 0.000500751126690113 0.00400600901352037 0.00350525788683026 0.00400600901352037 0.00200300450676028 -0.0020030045067601 -0.0040060090135202
Stock impact report

ZIM Integrated Shipping: Takeover Battle Is Heating Up [Seeking Alpha]

ZIM Integrated Shipping Services Ltd. Ordinary Shares (ZIM) 
Company Research Source: Seeking Alpha
Despite a 35% Y/Y drop in freight rates in Q3, management raised its adjusted EBITDA guidance to $2.0–2.2B, reflecting management's optimism in a stabilization of shipping rates. Shares trade well below book and near cash/investment value, making ZIM an attractive target for a bidding war, if takeover interest intensifies. I expect MSC to have a good chance acquiring ZIM, given their past collaboration with regards to transpacific trade routes, as well as established trust. Key risk remains a drop in average freight rates below $1,000/container, which would signal distressed earnings and threaten the bullish thesis. Monty Rakusen/Cultura via Getty Images ZIM Integrated Shipping Services ( ZIM ) is caught in the middle of a major buyout and takeover battle as insiders as well as foreign entities are interested in the company's well-capitalized business. The container shipping company reported very strong results for This article was written by Analyst's Disclosure: I/we Show less Read more
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