Israel’s Golden Share in ZIM Puts Pressure on Hapag-Lloyd – Merger Arbitrage Mondays

ZIM Integrated Shipping Services Ltd. (ZIM): $29.27

Market Cap: $3.53B

Deal Size: $11.1B

Israel’s ZIM Integrated Shipping Services entered a merger agreement on February 16, 2026, to be acquired by Germany’s Hapag-Lloyd in an all-cash deal valued at $11.1 billion, as the German shipping company seeks to expand its scale and strengthen its presence in Asia.

Hapag-Lloyd will acquire ZIM for $35 per share in cash, representing a 57.66% premium from the stock’s last close. The deal, expected to close by late 2026, currently trades at a 19.58% spread and requires regulatory approval in Israel, where it is facing backlash.

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