ZIM (ZIM) Surges 25.5%: Is This an Indication of Further Gains?

ZIM Integrated Shipping Services (ZIM) shares rallied 25.5% in the last trading session to close at $27.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.9% gain over the past four weeks.The uptick followed ZIM's announcement that it has entered into a merger agreement, under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. The total transaction represents an equity value of approximately ...