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Lloyds Says Scottish Widows Isn't For Sale, Denies PE Bid

By Liz Hoffman (May 2, 2012, 2:01 PM EDT) -- Downsizing British lender Lloyds Banking Group PLC denied reports Wednesday that it had received an offer from a U.K. private equity fund for its Scottish Widows life insurance and pensions business, stressing that the unit is not for sale....

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