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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)
10/05/201507:56:00U.K. to Launch Retail Sale of Lloyds Shares -- 3rd Update
10/05/201506:24:00U.K. to Launch Retail Sale of Lloyds Shares -- 2nd Update
10/05/201505:10:00U.K. to Launch Retail Sale of Lloyds Shares
10/05/201504:16:00U.K. to Launch Retail Sale of Lloyds Shares -- Update
10/05/201503:21:00U.K. to Launch Retail Sale of Lloyds Shares
10/02/201507:23:31Report of Foreign Issuer (6-k)
09/30/201513:12:18Report of Foreign Issuer (6-k)
09/25/201513:27:15Amended Statement of Beneficial Ownership (sc 13d/a)
09/25/201506:35:13Report of Foreign Issuer (6-k)
09/25/201502:46:00Lloyds Banking Group: HM Government Cuts Stake to 11.98%
09/10/201510:33:04Report of Foreign Issuer (6-k)
09/02/201512:39:31Report of Foreign Issuer (6-k)
08/24/201509:25:00Amended Statement of Beneficial Ownership (sc 13d/a)
08/24/201506:07:08Report of Foreign Issuer (6-k)
08/24/201502:48:00UK Government Cuts Stake in Lloyds Banking Group to 12.97%
08/17/201511:47:49Securities Registration (section 12(b)) (8-a12b)
08/17/201510:15:16Report of Foreign Issuer (6-k)
08/14/201506:53:41Report of Foreign Issuer (6-k)
08/13/201509:53:27Report of Foreign Issuer (6-k)
08/12/201508:28:10Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)

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