@christankerfund After 3 or 4 Israeli governmental bodies came out against the buyout, this was a predictable but badly needed response by H-L. I suspect that he may be responsible for an amendment or two to the overall plan.
@rsnedz@ROICRHODES So you're saying their ownership of 99 ships (as they do now as a public company) does not satisfy the spirit of the golden share protection?
@ROICRHODES@MarkGroskyEsq@tomtom554922@joeriwestland The Israeli Government, in several forms now, has made it quite clear that the current BO structure is not favorable. For one, Zim has been parried down from 99 ships to the New Zim's 18. Don't blame me, read their objections. Until HL restructures the deal, the BO appears dead.
@ROICRHODES The buyout as it stands today, is off. They will have to restructure the deal. The New Zim for beginners does not have enough ships. H-L has been rejected plain and simple. Forget about the arb, that does not compute here, the deal is off. Don't blame me, look at the share price
@ZeeContrarian1@MarkGroskyEsq Ultimately, with the new all-Israeli bid of $37.50, if that were to be approved by the Board but rejected by the Govt, that would be a slap in the face to the legion of Israeli hedge funds and others who have invested in this stock. Remember, Public does not mean ALL ISRAELI!!
@ZeeContrarian1@Invest_uy Let's also not forgot, Zim's CEO and CFO are gone in the next six months, and the Board has not set about the business of looking for new ones as Hapag is all set to take care of that.
@ZeeContrarian1@Fried41339M The newer offer is an all Israeli bid. Of course this deal has a higher likelihood of success. The dominos start to fall as laid out by the suitor in its offer.