Staff confusion over Paragon's plans to buy Britannic Money

Professional Adviser
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News has emerged this morning that Paragon Mortgages is acquiring rival mortgage lender Britannic Mo...

News has emerged this morning that Paragon Mortgages is acquiring rival mortgage lender Britannic Money for a cash sum of £18.7m, but staff so far have mixed messages about what happens next. An announcement first thing this morning from the FTSE 250 company was placed on the London Stock Exchange's RNS service, stating the two firms hope to complete the deal by the end of the day. Paragon employees are said to be in a meeting to find out about the deal, but its telephone staff are lead to believe so far that Britannic will keep its branding and there are unlikely to be any major ...

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