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Benzinga
Benzinga
Business
Vaishali Prayag

ZIM Integrated Shipping Stock Climbed 15% On Monday: What Happened?

Odessa, - ,Ukraine,-,August,16,2019:,Transportation,Of,Zim

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares traded higher on Monday after reports emerged that CEO Eli Glickman and a group of executives are pursuing a bid to take the company private.

What To Know: Israeli business outlet Calcalist reported that Glickman, five other executives and businessman Rami Ungar are seeking to acquire the Israel-based shipping company in a deal valued at up to $2.4 billion.

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