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Provider: New Constructs, LLC

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BankUnited Inc Announces Secondary Offering Of Common Stock

Wednesday, 6 Mar 2013 07:03am EST 

BankUnited Inc announced the commencement of an underwritten offering of 19,600,000 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 2,940,000 shares in the offering. Morgan Stanley & Co. LLC and BofA Merrill Lynch are acting as joint book-running managers for the offering. 

Company Quote

0.35 +1.23%
19 Dec 2014