** Shares of financial services firm MyState Ltd MYS.AX rise 1% to A$4.595

** Earlier in the session, stock hit its highest level since Aug 19, 2022

** Australia's Auswide Bank ABA.AX, co's takover target, says the Supreme Court of New South Wales has approved ABA's buyout by MyState MYS.AX unit, MyState Bank

** Co says that ABA stakeholders will receive 1.112 MyState shares for each share held

** ABA stock up 1.6% at A$5.080

** MYS shares have gained 3.14% YTD, including current session's moves

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))