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Why ZIM Integrated Shipping Services Stock Just Popped

TheMotleyFool

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Why ZIM Integrated Shipping Services Stock Just Popped: https://g.foolcdn.com/editorial/images/828819/container-ship-foredeck.jpg

Stock of ZIM Integrated Shipping Services (NYSE: ZIM), an Israeli shipping company, soared 16% through 9:40 a.m. ET Monday after Israeli local news site Calcalist reported CEO Eli Glickman is partnering with shipping magnate Rami Unger to buy all of the company's shares.

The end goal: to take ZIM private and merge it with one of Unger's other companies.

Image source: Getty Images.

Source Fool.com

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