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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
03/03/201517:58:29LONDON MARKETS: FTSE 100 Yanked Lower As Barclays, Glencore Drop
03/03/201516:21:54LONDON MARKETS: FTSE 100 Loses Ground As Barclays, Glencore Fall
02/27/201512:32:11LONDON MARKETS: FTSE 100 Marks Best Monthly Gain In A Year
02/27/201505:46:18Lloyds Resumes Dividend Payments as It Returns to Profit -- 2nd...
02/27/201504:55:37LONDON MARKETS: IAG Climbs In London; FTSE 100 Heads Toward Monthly...
02/27/201503:45:25Lloyds Resumes Dividend Payments as It Returns to Profit -- Update
02/27/201503:02:05Lloyds Resumes Dividend Payments as It Returns to Profit
02/25/201507:57:56Lloyds Banking Group plc Full year 2014 -- Forecast
02/23/201513:39:54LONDON MARKETS: FTSE 100 Slips As HSBC Shares Mark Worst Session...
02/23/201513:19:49LONDON MARKETS: HSBC Shares Hit In London Trade, Pulling FTSE...
02/23/201505:58:49U.K. Reduces Stake in Lloyds -- 2nd Update
02/23/201504:33:14U.K. Reduces Stake in Lloyds -- Update
02/23/201504:02:53U.K. Reduces Stake in Lloyds

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