BankUnited announces secondary stock offering
MIAMI LAKES, Fla. (AP) — BankUnited announced a secondary offering of 9 million shares of its common stock Monday.
Its stock declined more than 2 percent in premarket trading.
The selling stockholders plan to give the underwriters an option to buy an additional 1.4 million shares.
According to a regulatory filing, the selling stockholders include funds affiliated with the investment firms The Blackstone Group, The Carlyle Group, WL Ross & Co. and Centerbridge Partners LP.
BankUnited Inc., the banking holding company of BankUnited N.A., won't receive any proceeds from the offering.
BankUnited is based in Miami Lakes, Fla. It has 99 banking centers in 15 Florida counties and five banking centers in the New York metropolitan area.
The company's stock shed 68 cents, or 2.1 percent, to $31.20 before the opening bell.