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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
07/28/201612:42:41Report 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...
07/28/201604:52:00Lloyds to Cut 3,000 Jobs as Lender Braces for Post-Brexit Slowdown...
07/28/201604:20:00Lloyds to Cut 3,000 Jobs as Lender Braces for U.K. Slowdown
07/28/201603:55:00Lloyds to Cut 3,000 Jobs as it Braces for U.K. Slowdown After...
07/28/201603:10:00Lloyds Banking Group Turns a Profit; to Cut 3,000 Jobs By End...
07/18/201610:26:46Report of Foreign Issuer (6-k)
07/13/201613:07:51Report of Foreign Issuer (6-k)
07/13/201612:24:16Report of Foreign Issuer (6-k)
07/11/201618:45:00ADRs End Higher; Financial Firms Rise
07/07/201605:40:00Temasek Portfolio Value Shrinks for First Time Since Global Debt...
07/06/201617:30:00Report Says Some Banco Espí rito Santo Creditors Deserve More...
07/06/201610:48:23Securities Registration (section 12(b)) (8-a12b)
07/06/201610:13:07Report of Foreign Issuer (6-k)

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