** Reject Shop TRS.AX swells as much as 111.1% to A$6.650, highest since mid-February 2022

** Stock set for biggest ever intraday pct gain

** Discount store announces its buyout by Canadian peer Dollarama DOL.TO at A$6.68, a ~112% premium to last close

** Co intends to distribute fully-franked special dividend of up to A$0.77 before scheme is implemented

** Stock sees busiest session since July 2022, with more than 874,000 shares traded - ~20x the 30-day avg

** TRS last up 110%, more than doubles YTD

($1 = A$1.5896)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))