ZIM BOD Updates on Ongoing Strategic Review Process
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SELL (= Flat)
Dividend Yield: 105%
EPS Growth %: -447.4%
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ZIM's Board of Directors is focused on delivering significant value to all the Company's shareholders.
Following the receipt of a preliminary, non-binding proposal to acquire all the outstanding ordinary shares of the Company from
The review, which has been ongoing for the past several months, includes consideration of potential value creation alternatives, including a sale of the Company and capital allocation and return opportunities, with the goal of maximizing shareholder value. In connection with this review, the ZIM Board of Directors has received indications of interest from multiple parties, including strategic interest, which it is evaluating carefully.
There is no assurance that any transaction will occur as a result of this review of alternatives and the ZIM Board of Directors does not expect to provide updates regarding this review until an agreement is reached or the review is otherwise completed.
ZIM's Board of Directors has recently added two new highly regarded independent directors –
About ZIM
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Forward-Looking Statements
This press release contains, or may be deemed to contain, forward-looking statements (as defined in the
Investor Relations:
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
[email protected]
The IGB Group
212-477-8438
[email protected]
Media:
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
[email protected]
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SOURCE Zim Integrated Shipping Services Ltd.
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