May 20, 2014 / 3:52 PM / 3 years ago

Books covered for Saga's 550 mln stg primary offering - sources

UK holiday-to-insurance firm Saga has covered the books for the 550 million pounds ($926.67 million) of new shares it is issuing in its London initial public offering, two sources familiar with the matter said on Tuesday.

The company is expected to be valued at 2-2.5 billion pounds following its flotation, after setting its price range at 185-245 pence a share. ($1 = 0.5935 British Pounds) (Reporting by Freya Berry; Editing by Pravin Char)

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