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Last-Minute Offer Adds a Twist to Hapag-Lloyd's Acquisition of Zim
Israeli businessman Haim Sakal has made a competing bid of $4.5 billion in cash for Zim, approximately $300 million more than Hapag-Lloyd and FIMI's joint offer. The new proposal includes a $250 million employee bonus and promises continued Israeli control of the fleet. Although Zim's shareholders approved the Hapag-Lloyd deal with 97% majority, the binding agreement's legal enforceability against Sakal's offer remains unclear, pending Israeli government approval.