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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
08/24/201608:30:00Lloyds Chief Apologizes After Affair Allegations
08/24/201606:18:00Lloyds Chief Apologizes After Affair Allegations
08/17/201608:37:05Report of Foreign Issuer (6-k)
08/10/201612:49:01Report of Foreign Issuer (6-k)
08/10/201606:42:41Form 13f Holdings Report (13f-hr)
08/09/201606:00:00U.K. Banks Ordered to Provide Customers Better Deal
08/09/201603:16:00CMA Requires Banks to Implement Open Banking System by Early...
08/02/201611:40:00Santander Eyes RBS Unit
08/02/201607:40:00U.K. Bank Shares Slip as Regulator Proposes Later Compensation...
08/02/201605:30:00U.K. Bank Shares Slip as Regulator Proposes Later Compensation...
08/02/201605:19:00U.K. Bank Shares Slip as Regulator Proposes Later Compensation...
08/01/201613:57:25Report of Foreign Issuer (6-k)
07/28/201612:42:41Report of Foreign Issuer (6-k)
07/28/201612:31:11Report of Foreign Issuer (6-k)
07/28/201609:36:00Lloyds to Cut 3,000 Jobs as Lender Braces for Post-Brexit Slowdown...
07/28/201609:34:23Report of Foreign Issuer (6-k)
07/28/201609:33:00Lloyds to Cut 3,000 Jobs as Lender Braces for Post-Brexit Slowdown...
07/28/201609:30:30Report of Foreign Issuer (6-k)
07/28/201609:30:30Report of Foreign Issuer (6-k)
07/28/201606:28:00VocaLink's 4 Biggest Shareholders Should Cut/Sell Stakes if MasterCard...

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