Summary
STANDARD Life has cut the expected value of its flotation in a move that will lead to reduced share windfalls for its members.
The group said its shares will be priced at between 210p and 270p - rather than the previously hoped for range of 240p to 290p - giving it a market value of between pounds 4.35bn and pounds 5.25bn, still big enough for a place in the FTSE 100 Index once it lists on July 10.See the full content of this document
Extract
Standard Move Cuts Windfall
As a result of the...
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