** Shares of Quickstep Holdings QHL.AX rise as much as 7.9% to A$0.41, their highest level since July 30
** Aerospace and defence equipment manufacturer rejects takeover offer by private capital manager CPE Capital's unit ADSAM Operations for A$28.7 mln ($19.15 mln)
** Offer price of A$0.4 per share is at a 105% premium to QHL's last close on Nov. 6
** Says offer does not adequately reflect the value of co
** Shares add 77.3% in value so far this week, on track for its best week to date
** QHL up 44.4% YTD, including current session's moves
($1 = 1.4988 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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