Singapore's Straits Trading up nearly 5 pct after WBL deal

SINGAPORE Mon May 13, 2013 9:27pm EDT

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SINGAPORE May 14 (Reuters) - Shares in Singapore conglomerate Straits Trading Co jumped nearly 5 percent on Tuesday to a three-year high of S$4.16, after the company accepted an offer for its holdings in WBL Corp from a group led by United Engineers Ltd.

WBL Corp shares edged down 0.2 percent and United Engineers fell nearly 1 percent in early trade.

(Reporting by Rujun Shen; Editing by Edwina Gibbs)

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