** 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;))