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Co-op Nears Cut-Price Lloyds Deal

Co-operative Group Ltd. is near an agreement with Lloyds Banking Group PLC (LYG) on the final terms of a deal to buy some 630 branches, the Financial Times reported on its website Thursday, citing people close to the process. The deal could come at a sharp discount to the GBP1.5 billion previously estimated, but Lloyds could get extra payments if the business performs well over a period of years, the FT reported the people as saying. If these pay out in full, LLoyds could get close to GBP1 billion for the branches, the FT said. The Co-op's board plans to meet early next week to decide, the FT reported. Full story: http://www.ft.com/intl/cms/s/0/e206edd8-cb5b-11e1-b896-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct#axzz204p8ObGz

Stock News for Lloyds Tsb (LYG)
DateTimeHeadline
12/17/201411:28:06U.K. to Sell Part of Lloyds Stake--2nd Update
12/17/201411:09:10U.K. Government Sets Up Trading Plan to Sell Part of Lloyds Stake--Update
12/17/201410:50:13UK Government Sets Up Trading Plan to Sell Part of Lloyds Stake
12/16/201407:46:45Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
12/16/201404:33:16Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
12/16/201404:11:48LONDON MARKETS: Miners Drag FTSE 100 Lower After Gloomy China...
12/16/201402:53:14Bank of England Stress Test Gives U.K. Major Banks Clean Bill...
12/03/201423:25:42LONDON MARKETS: FTSE 100 Slips, But Airline, Housing Stocks Find...
12/02/201415:46:35Lloyds Banking Sells a Portfolio of Irish Mortgages to Goldman...
12/02/201403:33:58Mitie Extends Facilities Management Contract with Lloyds
11/21/201407:55:10NBNK Investments Chairman Wilbur Ross Resigns
11/06/201403:22:21UK Regulator to Probe Personal Current Account, SME Retail Banking
10/30/201413:24:13LONDON MARKETS: FTSE 100 Ends Higher After Roller-coaster Day
10/30/201407:44:38LONDON MARKETS: Miners Hammer FTSE 100 As Metals Prices Slide
10/30/201405:08:38LONDON MARKETS: Miners Bruise FTSE 100 As Metals Prices Slide
10/28/201413:12:35LONDON MARKETS: BP Fuels FTSE 100's Move Higher
10/28/201408:01:16LONDON MARKETS: BP Boosts FTSE 100 After Dividend Rise
10/27/201414:59:26European Bank Stress-Test Results Have Isolated Errors, Inconsistencies...
10/27/201413:30:27LONDON MARKETS: Banks Knock FTSE 100 Lower After Stress Tests
10/27/201413:23:19EUROPE MARKETS: Italian Banks Tumble After ECB Stress Tests

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