Australia's Vault Minerals hits near 4-month peak on receiving rival bid from Genesis

Genesis Minerals

06/07/2026 01:39

** Shares of Vault Minerals rise as much as 12.3% to A$5.12 in early trade, their highest level since March 12
** Stock logs its largest intraday pct jump since June 15
** The gold producer receives unsolicited takeover proposal from Genesis Minerals for A$5.6 billion ($3.88 billion)
** Genesis offers 0.7629 new shares plus A$0.475 cash per Vault share, totalling A$5.274 and representing a 15.7% to stock's last close
** Vault says board considers bid as superior to Regis Resources' offer in May, provides Regis the right to provide a counterproposal until Friday
** Genesis shares fall as much as 8.4%, while Regis stock gains as much as 5.6%.
** Vault stock down 9.3% YTD, including the day's moves

($1 = 1.4420 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))