** Wellard WLD.AX surges as much as 112.3% to A$0.155, highest since April 12, 2017
** Stock set for strongest trading session since July 2024
** Livestock vessels and livestock supplier to sell its remaining livestock vessel MV Ocean Drover for $50 mln in cash to Meteors Shipping SA
** Intends to return all proceeds to shareholders at ~15 Australian cents per share plus an additional capital return of any surplus cash on hand after the sale
** Expects to complete sale in July 2025
** Stock has more than doubled YTD, as of last close
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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