Reuters ahead on $5 bln UBS share sale

Reuters was half a day ahead on August 20 with the pricing of the sale of $5 billion worth of UBS shares after the bank settled U.S. claims of helping wealthy Americans dodge taxes. The shares were sold at 16.50 Swiss francs each, a source with direct knowledge of the deal told Reuters. Dow Jones followed more than 30 minutes later — quoting a trader — while Bloomberg stuck to an earlier range cited by traders. The Swiss government confirmed the price on this closely watched deal 5 hours later.