** Shares of Close the Loop CLG.AX rise as much as 24.4% to A$0.255, logging their biggest intraday pct gain since early June 2022
** Stock hits highest level since Aug. 26
** Environmental services provider receives non-binding indicative proposal from private investment manager Adamantem Capital
** Cash deal valued at A$143.6 mln ($93.31 mln); offer price of A$0.27 per share is at a ~45.5% premium to stock's last close
** More than 2 mln shares change hands vs the 30-day avg volume of 912,000 shares
** YTD, Close the Loop down 35.5%, as of 0040 GMT
($1 = 1.5389 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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