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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
07/31/201509:02:01Report of Foreign Issuer (6-k)
07/31/201508:07:54Report of Foreign Issuer (6-k)
07/31/201508:07:16Report of Foreign Issuer (6-k)
07/31/201508:00:42Report of Foreign Issuer (6-k)
07/31/201503:49:04Lloyds Posts Rise in First-Half Profit -- Update
07/31/201503:10:06Lloyds Posts Rise in First-Half Profit
07/31/201503:02:34Lloyds Posts Rise in First-Half Profit
07/30/201506:44:00Report of Foreign Issuer (6-k)
07/30/201505:32:19Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million...
07/30/201503:18:20Lloyds to Sell Irish Commercial Loan Portfolio for GBP827 Million
07/23/201510:48:39Report of Foreign Issuer (6-k)
07/17/201512:54:54(25-NSE)
07/17/201507:16:32Report of Foreign Issuer (6-k)
07/17/201506:45:21Report of Foreign Issuer (6-k)
07/17/201505:51:08Lloyds Banking Group Establishes Responsible Business Committee
07/16/201513:07:55Amended Statement of Beneficial Ownership (sc 13d/a)
07/16/201508:07:30Report of Foreign Issuer (6-k)
07/16/201503:16:21Lloyds Banking: UK Government Cuts Stake to 14.98%
07/13/201508:36:46Report of Foreign Issuer (6-k)
07/08/201513:03:16LDC Sells Stake in Fevertree as Shares Spike

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