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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
05/28/201512:58:48Securities Registration (section 12(b)) (8-a12b)
05/26/201513:38:29Report of Foreign Issuer (6-k)
05/26/201513:35:35Report of Foreign Issuer (6-k)
05/22/201506:24:15Whitbread Appoints Lloyds Banker Brittain as CEO -- Update
05/22/201502:42:20Whitbread Appoints CEO
05/21/201513:12:47Report of Foreign Issuer (6-k)
05/18/201513:00:27LONDON MARKETS: FTSE 100 Edges Up As Fresnillo Rises; Lloyds...
05/18/201511:30:10EU Approves Sabadall's TSB Deal
05/18/201511:16:02EU Approves Sabadell's $2.66 Billion Takeover of TSB Banking...
05/18/201507:27:16LONDON MARKETS: FTSE 100 Slips As Lloyds Loses After Downgrade
05/14/201515:05:41Report of Foreign Issuer (6-k)
05/14/201512:54:06Report of Foreign Issuer (6-k)
05/13/201516:00:28Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
05/13/201512:36:15Report of Foreign Issuer (6-k)
05/13/201512:30:36Report of Foreign Issuer (6-k)
05/13/201508:23:49Report of Foreign Issuer (6-k)
05/13/201506:02:45Report of Foreign Issuer (6-k)
05/12/201518:03:14ADRs End Lower; BHP Billiton Rises
05/12/201514:37:24Form 13f Holdings Report (13f-hr)
05/12/201509:50:48Amended Statement of Beneficial Ownership (sc 13d/a)

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