Genesis Minerals makes a $3.9 billion competing takeover bid for Vault Minerals.

Genesis Minerals has made a competing takeover offer for Australian gold miner Vault Minerals, valuing it at $3.9 billion, topping the latter's previously agreed merger deal with Regis Resources. Under Genesis Minerals' acquisition proposal, Vault Minerals shareholders will receive 0.7629 new Genesis Minerals shares for each share they hold, plus 47.5 Australian cents (equivalent to 33.0 US cents) in cash. (Sina Finance)
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