In recent days, Paragon ID notified the Euronext Paris stock exchange of a buy-out offer by its majority shareholder. The company manufactures and supplies print and electronic identification systems and associated services. It is headquartered at its main factory in Argent-sur-Sauldre in central France. The listed company’s majority owner, the international printing business Paragon Group, is offering to buy out the minority shareholders in Paragon ID and take it private. On June 19, Grenadier Holdings, the group vehicle that holds 80.3 per cent of Paragon ID shares, announced its intention to acquire the rest.  At €38.01 per share, the cash offer…

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