US EditionNovember M&A Deals See Logistics Firms Boosting Scale and Specialisation
2 Articles
2 Articles
Amidst the proposals to acquire ZIM, the battle is heating up between shareholders seeking to appoint directors on their behalf, and the company's board of directors. • In the middle are CEO Eli Glickman, who led the shipping giant's recovery campaign and now seeks to acquire it, and the company's employees, who fear a foreign takeover and have even approached the Minister of Transportation to act to thwart the move.
Zim directors hit back as shareholders demand boardroom shake-up
A group of dissident shareholders has escalated its campaign to reshape the board of Israeli ocean carrier Zim. It has prompted the company’s independent directors to issue a detailed investor presentation and letter urging shareholders to reject the trio’s nominees at the upcoming annual/extraordinary general meeting. The dissident group, Mor Gemel & Pension, Reading Capital, and Sparta 24, wants to replace nearly half of Zim’s board, arguing f…
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