ZIM latest news: The company has rejected a revised acquisition proposal from a management-led group, that the offer failed to reflect the company's value. In the meantime, the company continues to evaluate multiple competing acquisition offers as part of its advanced strategic review.

Israel-based container shipping company stated that its board has received proposals from several strategic parties to acquire all of the issued and outstanding shares of the company. After reviewing the latest offer from entity owned by CEO Eli Glickman and shipping executive Rami Ungar, the board concluded that the offer "significantly undervalues the company" and officially rejected it

ZIM's strategic review, which has been ongoing for several months, encompasses a range of options, including a potential sale, capital allocation decisions, and other measures at enhancing shareholder value. The board has hired Evercore as a financial advisor and Meitar Law Offices and Skadden, Arps, Slate, Meagher &; Flom as legal advisors.

This assessment comes amidst turmoil in the container shipping market. ZIM reported net income of $123 million in the third quarter down 89% year-over-year, with revenue declining 36% to $1.78 billion. Average freight rates fell 35% to $,602 per FEU, resulting in an adjusted EBITDA that was down 61% to $593 million.

Despite this,ickman struck a resilient tone, noting that the company still has the ability to generate profits despite the volatile market conditions, which have been impacted by geopolitical issues, changes in policies, and the ongoing global trade war. He said that ZIM's updated, more efficient fleet and flexible deployment strategy have helped the company quickly adapt to market changes even under on freight rates.

Despite the significant profit decline, ZIM still announced a dividend of $37 million for the third quarter, or $0.31 share, representing 30% of quarterly net income. Since its initial public offering (IPO) in 2021, the company has returned approximately $5.7 to shareholders, far exceeding the funds raised at the time of the IPO.

The board also added two independent directors, Yair Avidan and Dr. Yoramurbowicz, to strengthen the board's financial and transactional expertise during the review period.【ZIM's board shakeup ends with 10-person new!】

Looking ahead, ZIM raised the midpoint of its full-year 2025 outlook, now expecting adjusted EBITDA of $2 billion to2.2 billion, and adjusted EBIT of $700 million to $900 million. Despite some softening of market conditions entering the fourth quarter, Glick said the company's performance to date supports the revised guidance.

Founded in 1945, with a presence in more than 90 countries,IM serves customers in more than 300 ports worldwide. As of September 30, 2025, the company's net debt was $2.4 billion, with a net leverage ratio of 0.9x.

ZIM stated that it does not intend to comment further on this strategic review unless and until transaction is agreed or the review process is concluded.