Australian takeover target Mad Paws hits more than 2-year high

** Mad Paws Holding MPA soars as much as 73.3% to A$0.13; marks steepest ever intraday pct climb

** Stock hits highest since May 15, 2023

** Online pet ecosystem provider enters scheme under which Rover Group will buy co for A$0.14/share; total deal value is A$62 mln ($40.4 mln)

** Offer price represents 87% premium to last close

** Co to divest its Pet Chemist business for A$13 mln cash consideration

** YTD, MPA gains 74.7%

($1 = A$1.5347)