A BIG disappointment looms for 2.4m with-profits policyholders in Standard Life when the company floats on 10 July, the Scotsman claims this morning.
The paper says shares in the provider are set to be priced at the bottom of the 210-270p indicative range and may go to only a small premium in the first days of trading. It says a behind-the-scenes tug-of-war is now raging between policyholders - who want to see the highest possible price when dealings in the shares begin on Monday 10 July - and the big institutions looking to buy in at the lowest possible price. Standard Life has already lowered the indicative price range from 240p-290p to 210p-270p. The working assumption has been that the offer price would be struck close to the mid...
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