Israel-Based Shipping Stock Surges On ‘Competitive Proposals’ To Acquire All Outstanding Shares

Israel-based container fleet ZIM Integrated Shipping (ZIM) stock soared more than 9% before Tuesday’s stock market open, on pace to extend its 60% rally, after announcing late Monday it is currently “evaluating” proposals from entities to purchase all outstanding shares that will deliver “significant value to all the company’s shareholders.” On Monday, ZIM Integrated provided an investor update on its…