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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
05/27/201614:30:00Bank of America Relaunches Sale of Credit-Card Issuer MBNA
05/27/201614:19:00Bank of America Relaunches Sale of Credit-Card Issuer MBNA...
05/23/201615:13:00Civil Antitrust Claims Reinstated Against 16 Banks in Libor Case...
05/19/201612:22:49Report of Foreign Issuer (6-k)
05/17/201606:18:00CMA Seeks to Boost Competition Between Retail Banks--Update
05/10/201612:25:03Report of Foreign Issuer (6-k)
05/09/201609:11:02Form 13f Holdings Report (13f-hr)
05/05/201608:19:36Report of Foreign Issuer (6-k)
05/05/201608:11:00Lloyds Banking Group Chairman Buys 50,000 Shares at 64.89p Each
05/05/201608:07:23Report of Foreign Issuer (6-k)
05/04/201608:24:32Report of Foreign Issuer (6-k)
05/04/201606:25:00U.K. Banks Prepare for 'Brexit' Ahead of EU Poll
04/29/201603:02:00Finance Watch -- WSJ
04/28/201609:07:23Report of Foreign Issuer (6-k)
04/28/201606:21:13Report of Foreign Issuer (6-k)
04/28/201606:21:13Report of Foreign Issuer (6-k)
04/28/201604:00:00Lloyds Banking First-Quarter Net Profit Falls 44% -- Update
04/28/201603:40:00Lloyds Profit Plunges on Restructuring Charges
04/28/201602:50:00Lloyds Banking 1Q Net Profit Falls 44%
04/12/201613:12:20Report of Foreign Issuer (6-k)

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