PARAGON CARE LIMITED Paragon Care Limited (ASX:PGC) is understood to have hired Rothschild & Co as a defence adviser amid chatter in the market it has been in the cross hairs of EBOS Group Limited (NZSE:EBO). There's talk in the market that Paragon has bidders interested in the business at 40c a share. Paragon Care shares closed up 2.3% to 22c on 13 December 2023.
Earlier, Paragon had said that it had not received approaches from EBOS, while both groups declined to comment on 13 December 2023. Its market value is $147 million. As earlier reported by DataRoom, EBOS held talks about a backdoor listing involving Chemist Warehouse, but instead, the pharmacy giant embarked on the $8 billion-plus move through EBOS's rival Sigma Healthcare.
