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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:

Stock News for Lloyds Tsb (LYG)
11/27/201509:30:00Stress Test Pressure May See U.K. Banks Cut Dividends
11/27/201507:51:00Lloyds Banking Group Appoints Two New Non-Executive Directors
11/27/201506:36:31Report of Foreign Issuer (6-k)
11/24/201506:02:15Report of Foreign Issuer (6-k)
11/23/201510:06:01Report of Foreign Issuer (6-k)
11/19/201509:10:00U.K. Regulators Heap More Criticism on HBOS Bosses
11/12/201507:46:26Report of Foreign Issuer (6-k)
11/09/201508:30:56Report of Foreign Issuer (6-k)
11/02/201508:54:30Report of Foreign Issuer (6-k)
10/30/201509:14:03Report of Foreign Issuer (6-k)
10/29/201514:55:38Amended Statement of Beneficial Ownership (sc 13d/a)
10/29/201508:48:46Report of Foreign Issuer (6-k)
10/29/201506:45:42Form 13f Holdings Report (13f-hr)
10/29/201503:50:00Lloyds Banking Group: UK Government Cuts Stake to 9.89%
10/28/201513:49:46Report of Foreign Issuer (6-k)
10/28/201513:44:16Report of Foreign Issuer (6-k)
10/28/201508:56:34Report of Foreign Issuer (6-k)
10/28/201505:23:00Lloyds Takes Fresh PPI Charge -- Update
10/28/201504:50:00Lloyds Takes Fresh PPI Charge
10/28/201504:13:00Lloyds Takes Fresh PPI Charge as Net Profit Stays Flat

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