Market Overview

BankUnited Announces 9M Share Secondary Offering

BankUnited (NYSE: BKU) announced today the
commencement of an underwritten offering of 9,000,000 shares of its
common stock by certain of its existing stockholders (collectively, the
"Selling Stockholders"), subject to market and other conditions.

The Company will not receive any proceeds from the offering. In
connection with the offering, the Selling Stockholders intend to grant
the underwriters an option to purchase an additional 1,350,000 shares in
the offering.

The offering will be made pursuant to a registration statement on Form
S-3 filed with the Securities and Exchange Commission on March 6, 2013.

J.P. Morgan Securities LLC, BofA Merrill Lynch and Morgan Stanley &

See full press release

Posted-In: News Guidance Financing Offerings Contracts Legal Global

 

Related Articles (BKU)

Around the Web, We're Loving...

Get Benzinga's Newsletters