US-listed shares of ZIM soar after Hapag-Lloyd buys co in $4.2 deal

Zim Integrated Shipping Services

17/02/2026 12:15

** U.S.-listed shares of Israeli shipping company of ZIM Integrated Shipping Services ZIM.N 2SV.F jump 35% to $30.01 premarket

** Germany’s Hapag-Lloyd HLAG.DE said it would buy ZIM on Monday for $4.2 bln in cash, securing its position as the world's fifth‑largest shipping group

** HLAG shares had fallen 8% in European trading on Monday after deal announcement

** Co says ZIM's share price was unaffected by initial reports of takeover interest last on August 8 at $15.5; HLAG's offer of $35/share is about 126% premium to that price

** Over 4.7 mln shares of ZIM were trading, about 1.3 times their 50 day-moving-average

** JPMorgan says merger seen as a move to secure near-term capacity amid tight shipyard delivery slots

** As of last close, ZIM stock up 4.5% YTD, after a 1.1% fall in 2025

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))