Reuters - Direct Line Prices I.P.O.

Part-nationalized Royal Bank of Scotland has set a price for the planned stock market listing of its Direct Line insurance business which is at the lower end of analysts' expectations, Reuters reported. RBS said on Friday that it would sell the shares at a price between 160 pence and 195 pence per share. The mid-point of that range values the business at 2.66 billion pounds ($4.31 billion).

DealsNorth AmericaUSBriefs