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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
09/17/201419:45:05LONDON MARKETS: FTSE Wavers With Eyes On Scotland, Labor Data
09/17/201417:09:44LONDON MARKETS: FTSE Inches Higher With Eyes On Scotland, Labor...
09/17/201405:03:18LONDON MARKETS: Miners Lift FTSE 100; Eyes On Scotland, Central...
09/16/201400:42:57U.K. Companies Donate Little to Camps in Scottish Independence...
09/12/201415:21:16LONDON MARKETS: FTSE 100 Edges Up As Key Poll Points To 'no...
09/12/201406:43:12LONDON MARKETS: U.K. Stocks Rise After Poll Points To 'no' In...
09/11/201412:21:56EUROPE MARKETS: Russian Stocks Slump Most In Europe After Sanction...
09/11/201412:11:35EUROPE MARKETS: RBS, Lloyds Climb; Sanofi Slips: Europe's Big...
09/11/201412:11:10LONDON MARKETS: FTSE Closes At Lowest Level Since Late August
09/11/201408:27:26EUROPE MARKETS: Stoxx Europe 600 On Track For Fifth Straight...
09/11/201407:00:11Sterling Recovers Slightly After Scotland Poll
09/11/201406:05:32NAB Says It Would Relocate if Scotland Votes for Independence
09/11/201406:05:24LONDON MARKETS: FTSE 100, Pound Rise As Pro-union Campaign Is...
09/11/201406:05:16LONDON MARKETS: FTSE 100, Pound Rises As Pro-union Campaign Is...
09/11/201406:05:11RBS to Relocate to England if Scotland Leaves
09/11/201404:41:44RBS to Relocate to England if Scotland Votes for Independence
09/10/201410:27:53Cameron Campaigns Against Independence in Scotland --Update
09/09/201417:59:32ADR Shares End Lower; Novo Nordisk Shares Trade Actively
09/09/201412:19:10EUROPE MARKETS: Morrisons, L'Oréal: Europe's Big Stock Moves
09/09/201412:07:09LONDON MARKETS: FTSE 100 Dips As Scotland Worries Repel Buyers

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