Glickman’s $2.4bn play for ZIM rejected as board eyes wider options

Israeli shipping company ZIM has rejected an offer to acquire the company at a $2.4bn valuation. ZIM announced on Tuesday that it has formed a team to examine strategic alternatives regarding the company’s future. The move followed a non-binding offer submitted by ZIM CEO Eli Glickman and Rami Ungar, who heads up Ray Car Carriers, …

splash247