This article first appeared on GuruFocus .
Zim Integrated Shipping Services ( ZIM ) shares gained about 6% in early Tuesday after Hapag-Lloyd ( HPGLY ) and FIMI moved to adjust the proposed takeover in response to talks with Israeli authorities.
Hapag-Lloyd said it was examining changes to the proposed transaction, which values the Israeli container carrier at about $4.2 billion in cash. The discussions focus on the structure of the deal and its implications for operations in Israel.
The potential transaction has drawn resistance from Zim employees and several Israeli officials, including Defense Minister Israel Katz. Opponents have raised concerns over foreign ownership of a company involved in the country's maritime supply chain.
FIMI, an Israeli private equity firm, is involved in the proposed revised structure alongside Hapag-Lloyd. The companies are working with Israeli authorities as they seek a framework that could address concerns surrounding control of Zim's operations and the broader interests of the Israeli state.
