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Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell more than $330 million of the company's stock.
October 28 -
BankUnited (BKU) in Miami Lakes, Fla., reported quarterly earnings that were in line with Wall Street expectations.
January 23 -
BankUnited (BKU) in Miami Lakes, Fla., has promoted Mark Bagnoli to become its chief risk officer.
December 12
Four shareholders of BankUnited (BKU) in Miami Lakes, Fla., plan to sell up to $291 million of common stock.
The investors Blackstone Group, Carlyle Group, WL Ross & Co. and Centerbridge Partners will sell
The sale is expected to close Jan. 31. The $15 billion-asset BankUnited will not receive proceeds from the offering. Underwriters will have a 30-day option to buy an additional 1.2 million shares from the sellers.
The sale will reduce private equity's ownership of BankUnited to 13.4%, from 21.4%, analysts at Keefe, Bruyette & Woods wrote in a Wednesday note to clients.
