Regis Bull Surprised by Vault Minerals Deal -- Market Talk
Dow Jones
May 05
0159 GMT - The agreed takeover of Vault Minerals by Regis Resources comes as a surprise to Macquarie. Benefits from the deal are "tied to improved scale, tax synergies, balance-sheet strength and diversification across a larger asset base," the bank says. No asset-level benefits are specified, it says. "While the transaction implies an 11% premium for VAU, the door may not be closed for further action where stronger asset-level synergies may be available for VAU," says Macquarie. The bank has an outperform rating on Regis, with a A$9.50 target. Regis shares are down 5.2% at A$6.80. Vault shares are up 3.8% at A$4.67. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 04, 2026 21:59 ET (01:59 GMT)
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