Regis Resources Steps Back From Vault Minerals Bid, Secures Break Fee

Regis Resources steps back from Vault Minerals bid, secures break fee

Regis Resources walks away from Vault Minerals bid, securing an A$50.7 million break fee and focusing on organic growth. The post Regis Resources steps back from Vault Minerals bid, secures break fee appeared first on The Motley Fool Australia.

Regis bows out of Vault contest after Genesis’ superior bid

An eleventh-hour bid by Raleigh Finlayson’s Genesis Minerals to steal Vault Minerals away from rival Regis Resources has done the job.

Australia's Regis folds on Vault battle, paves way for Genesis' $3.9 billion offer

Australia's ​Regis Resources on Monday said that it would not match a rival ‌offer to buy Vault Minerals , clearing the path for Genesis Minerals' A$5.6 billion ($3.88 billion) bid for the gold producer.

Regis bows out of $5.6b Vault battle

Regis Resources has bowed out of the battle for goldmining peer Vault Minerals, opting not to match a bid by Raleigh Finlayson's Genesis Minerals for the company.

Regis Resources Won’t Match Genesis Bid For Vault Minerals

Regis Resources said it won’t match a rival US$3.9 billion bid for Vault Minerals made by Genesis Minerals, as a planned merger of the gold-mining companies would then no longer meet its thresholds for value and returns.

Regis backs away from Vault merger

Image: Pixel-Shot/Adobestock.comRegis Resources has backed away from its proposed merger with Vault Minerals, confirming it will not submit a counterproposal to match Genesis Minerals’ competing $5.6 billion offer. The decision clears the way for Vault to terminate its scheme implementation deed (SID) with Regis and pursue the Genesis proposal, after Vault’s board determined the Genesis bid constituted a superior proposal. Regis said its board h…