Australia’s Genesis Minerals makes $3.9 bln bid for Vault, surpasses Regis offer By Investing.com
Genesis Minerals (Australia) made an A$5.6 billion bid to acquire Vault Minerals, topping an earlier Regis Resources offer. Genesis proposed 0.7629 new Genesis shares plus A$0.475 per Vault share, valuing each at A$5.274 (15.7% premium). Vault said it notified Regis, which can match or improve the offer.