ZIM (ZIM) Beat Estimates but Trades 19% Below its Buyout Price. Is the Deal Discount Too Wide?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported better-than-expected second-quarter results on August 19. Revenue increased 9% to $1.78 billion, exceeding the $1.60 billion consensus estimate. Non-IFRS adjusted diluted EPS was $0.64 versus a consensus loss of $0.33, while IFRS diluted EPS was $0.53. Reported net income increased to $64 million. Shares of ZIM Integrated Shipping […]