Hapag-Lloyd to Buy Israeli Rival Zim for $4.2 Billion

The deal would require the consent of the state of Israel, Zim shareholders and regulators. - Fabian Bimmer/Reuters Hapag-Lloyd is buying Israeli competitor Zim Integrated Shipping Services for $4.2 billion. The German shipping company said Monday that it signed a deal to buy Zim for $35.00 a share in cash, following approval by both parties. The price is a 65% premium to Zim’s closing price of $21.18 on Friday. Most Read from The Wall Street Journal Hapag said the deal will be funded from cash reserve ...