July 25 (Reuters) - PSC Insurance Group Ltd PSI.AX :
* ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF SHARE CAPITAL OF UK BASED PARAGON INTERNATIONAL HOLDINGS LIMITED
* DEAL FOR £42.0 MILLION
* ACQUISITION IS EXPECTED TO GENERATE INCREMENTAL ANNUAL EBITDA OF £4.2 MILLION FOR PSC
* ACQUISITION OF PARAGON WILL APPROXIMATELY DOUBLE EBITDA OF PSC'S UK BUSINESSES