** Shares of Silk Logistics Holdings SLH.AX rise as much as 42.2% to A$2.09, their best trading session to date
** Stock hits highest level since July 27, 2023
** Freight and logistics service provider to be acquired by private firm DP World Australia in an all-cash deal valued at A$174.5 million ($114.89 million)
** Silk shareholders to receive A$2.14 per share, a 45.6% premium to SLH's last closing price of A$1.47
** More than 1.3 mln shares change hands, 16 times the 30-day avg of about 79,000 shares
** SLH up 12.2% YTD, including current session's moves
($1 = 1.5188 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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