Care home company Korian plans to buy German peer Curanum

FRANKFURT Mon Dec 10, 2012 2:27am EST

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FRANKFURT Dec 10 (Reuters) - French care home operator Korian said it would make a takeover offer for German peer Curanum AG.

The cash offer of 2.50 euros per share is subject to a minimum acceptance threshold of 75 percent, Korian said on Monday.

Based on 42.5 million shares outstanding, the bid would value Curanum at 106.3 million euros ($137.4 million). ($1 = 0.7735 euros) (Reporting by Ludwig Burger)