Australia's Platinum Asset soars on receipt of takeover bid

** Shares of Platinum Asset Management PTM soar as much as 16.2% to A$1.15, set for their best day since early March - if current trend holds; shares currently up 15.2% as of 0020 GMT

** The fund manager says it has received a non-binding, indicative proposal from Regal Partners RRPL

** Under deal, co's shareholders will get 0.274 Regal shares for each Platinum share held

** Co says it is still considering the merits of the proposal; asks shareholders to take no action at this point

** Shares hit highest since early April; set to rise for the sixth straight day

** Including day's moves, stock has fallen ~15% this year