Wednesday Papers: Bid news and gossip

* TPG Capital, the US private equity group, is considering a bid for Paragon less than three weeks after pulling out of a £179 million capital injection for Bradford & Bingley

* Rumours of a £34.50-a-share bid for Lonmin from Xstrata

* Allstate, the US insurer, could be the only serious bidder for Royal Bank of Scotland's insurance assets

* Robert Tchenguiz raises stake in Sainsbury to 6.98% after unwinding CFDs

* Carillion wins £96 million UK Highways Agency contract

* GKN wins Brazil aircraft contract

* Abu Dhabi investment vehicle aims to join top shareholders in General Electric

* Reuben brothers buy Dawnay Day's airport stake

* Lion Capital acquires FoodVest, maker of Findus frozen foods and Young's seafood products, for £1.1 billion from CapVest

* Jon Moulton's Floors-2-Go calls in administrators

* Amec buys Slovak nuclear services company for £11.1 million cash

* UK government to auction £2.5 billion Treasury gilt maturing 2018 on July 29