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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
07/02/201512:14:53Amended Statement of Beneficial Ownership (sc 13d/a)
07/02/201506:25:48Report of Foreign Issuer (6-k)
07/02/201502:48:13UK Government Cuts Lloyds Banking Group Stake to 15.9%
07/01/201511:59:28Report of Foreign Issuer (6-k)
07/01/201507:13:23Report of Foreign Issuer (6-k)
06/30/201509:08:09Report of Foreign Issuer (6-k)
06/29/201517:51:48ADRs End Lower; National Bank of Greece Drops Sharply
06/29/201508:36:34Report of Foreign Issuer (6-k)
06/25/201511:18:34Report of Foreign Issuer (6-k)
06/24/201507:51:25ITV Buys Production Group Twofour in Deal Worth Up to GBP280...
06/23/201511:20:59Amended Statement of Beneficial Ownership (sc 13d/a)
06/23/201506:09:18Report of Foreign Issuer (6-k)
06/18/201506:02:04Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/16/201512:24:28Report of Foreign Issuer (6-k)
06/16/201505:58:39Royal Mail Faces UK Competiton Review -- 2nd Update
06/16/201504:05:27Ofcom to Review Royal Mail After Whistl Withdrawal --Update
06/15/201515:30:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/15/201511:11:05Report of Foreign Issuer (6-k)
06/11/201513:14:52Amended Statement of Beneficial Ownership (sc 13d/a)
06/11/201511:50:05RBS to Name Bank of America as New Corporate Broker

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