** Shares of Pointsbet Holdings PBH.AX rise as much as 11.1% to A$1.205 to hit their highest levels since January 27, 2022
** The bookmaker set for best day since February 26, if gains hold
** On Tuesday, co received improved takeover offer from MIXI, Inc at A$1.20 per share from A$1.06 per share
** Improved offer price represents a 44.6% premium to the closing price on February 25 before the announcement of the scheme was made
** Improved offer price implies an enterprise value of A$402 million ($260.34 million)
** About 2.2 mln shares change hand, in their busiest day since April 28
** Stock up 19% this year, including the day's move
($1 = 1.5442 Australian dollars)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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