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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
04/24/201514:37:46Amended Statement of Beneficial Ownership (sc 13d/a)
04/24/201512:28:22Lloyds Banking Group PLC Earns "Buy" Rating from Numis Securities...
04/24/201508:38:42Report of Foreign Issuer (6-k)
04/24/201503:34:10U.K. Government Cuts Stake in Lloyds Banking Group to 20.95%
04/21/201509:34:38Lloyds Banking Group PLC's Buy Rating Reiterated at Deutsche...
04/20/201509:39:48Lloyds Banking Group PLC Given Hold Rating at Investec (LYG)
04/13/201508:45:27Report of Foreign Issuer (6-k)
04/10/201512:31:04Securities Registration (section 12(b)) (8-a12b)
04/01/201512:12:34LONDON MARKETS: FTSE 100 Starts April On Strong Note After PMI...
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)

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