Premarket Movers | ZIM Soars 38%; Gold and Silver Stocks Fall; AGQ down 6%; Harmony Gold Mining down 4%; First Majestic Silver, Newmont down 3%

ZIM Integrated Shipping Services Ltd. shares jumped 38% in premarket trading on Tuesday.

Hapag-Lloyd AG is in advanced talks to acquire Israeli competitor Zim Integrated Shipping Services Ltd, the German company said on Sunday.

Discussions with Israeli financial investor FIMI Opportunity Funds tied to the assumption of obligations under special rights by the state of Israel are also at an advanced stage, the Hamburg-based shipper said in a statement to the stock exchange. No binding agreements have been entered into as yet, it said.

Once the necessary regulatory and government approvals come through, Zim will be delisted from the New York Stock Exchange, where it’s currently valued at $2.7 billion, the person said. The Israeli business daily Calcalist — which reported on the deal earlier on Sunday — said the sale price would exceed $3.5 billion.

Gold and silver stocks fell in premarket trading on Tuesday.

AGQ down 6%; Harmony Gold Mining down 4%; First Majestic Silver, Coeur Mining, Pan American Silver, Newmont down 3%.