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Paragon enters talks over potential offers

Buy-to-let lender Paragon has confirmed it has entered discussions with several parties over potential offers for the firm.

In a statement to the stockmarket today, the lender says it has received approaches from parties who have expressed interest in evaluating potential offers for the company.

It says in order to determine whether any of these approaches may form the basis for an acceptable offer or offers, the board has entered exploratory discussions with, and is providing certain due diligence access to, the parties concerned.

Paragon warns that there can be no certainty that these discussions will lead to any offer being forthcoming.

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