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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
04/01/201505:49:00LONDON MARKETS: FTSE 100 Kicks Off April On Strong Note After...
04/01/201503:53:13LONDON MARKETS: FTSE 100 Kicks Off April On Upbeat Note
03/31/201512:09:52Report of Foreign Issuer (6-k)
03/31/201508:28:01Report of Foreign Issuer (6-k)
03/30/201509:17:33BoE unveils U.K. bank stress tests
03/30/201507:00:11U.K.'s Biggest Banks Undergo Stress Test
03/30/201506:33:13U.K.'s Biggest Banks Undergo Stress Test
03/27/201513:01:31Report of Foreign Issuer (6-k)
03/27/201512:56:55Report of Foreign Issuer (6-k)
03/26/201514:01:00Amended Report of Foreign Issuer (6-k/a)
03/26/201513:43:08Amended Statement of Beneficial Ownership (sc 13d/a)
03/26/201512:23:55Amended Report of Foreign Issuer (6-k/a)
03/26/201508:02:58Report of Foreign Issuer (6-k)
03/26/201506:58:33Report of Foreign Issuer (6-k)
03/26/201506:31:02Wall Street Breakfast: Crude Surges On Yemen Tensions
03/26/201504:15:22U.K. sells $847M more shares in Lloyds
03/26/201503:53:15U.K. Reduces Stake in Lloyds Banking Group
03/25/201506:30:55Wall Street Breakfast: Kraft, Heinz Announce Mega Merger
03/25/201503:39:24Sabadell chairman: Rival bids for TSB not likely
03/20/201514:20:13Report of Foreign Issuer (6-k)

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