** Shares of Selfwealth SWF.AX rise as much as 22% to A$0.25, hitting their highest since May 9, 2022
** Investment and brokerage service provider receives non-binding indicative proposal from AxiCorp Financial Services
** Cash deal valued at A$53.1 mln ($34.45 mln)
** Offer price of A$0.23 per share is at ~22% premium to stock's last closing price of A$0.205
** Proposal comes a day after co received a takeover offer from Bell Financial BFG.AX
** More than 6 mln shares change hands, 15 times the 30-day avg
** Stock up 51.5% YTD, including current session's moves
($1 = 1.5413 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.