UPDATE 5-UK car insurance probe overshadows Direct Line IPO

Newswire

* RBS prices Direct Line IPO at 160-195 pence per share * Values Direct Line at 2.66 bln stg at mid-point * Direct Line to raise up to 975 mln stg in IPO * UK motor insurers face 2 year competition probe * CEO gets annual pay package worth up to 3.8 mln stg By Matt Scuffham and Myles Neligan LONDON, Sept 28 (Reuters) - British anti-trust regulators will investigate the car insurance market over fears ...

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