Paragon Banking Group up on Titlestone discussion announcement

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Shares in specialist mortgage lender Paragon Banking Group rose 2.47% on the FTSE 250 to 540p on Tuesday, following an announcement from the company that it is in discussions to acquire residential development lender Titlestone Property Finance.

Paragon confirmed the talks after news of the possible takeover broke over the bank holiday. However, the company did not disclose when a deal may be reached or any possible terms of an agreement.

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