Australia's Genesis makes rival bid for Vault at $3.9 billion valuation
05/07/2026 23:44
Australia's Genesis makes rival bid for Vault at $3.9 billion valuation July 6 (Reuters) - Australia's Vault Minerals VAU.AX said on Monday that it received an unsolicited takeover proposal from Genesis Minerals GMD.AX valuing the gold producer at about A$5.6 billion ($3.88 billion).
Under the proposal, Genesis will acquire all shares in Vault by offering 0.7629 new shares and A$0.475 in cash for each Vault share, which the Vault board considers superior to an earlier bid from Regis Resources RRL.AX.
($1 = 1.4420 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Edmund Klamann)
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