Friday, August 17, 2012

BankUnited (BKU) For Sale Again

The NY Post reported yesterday that Florida-based BankUnited (BKU), which has a market cap of $2.4B, is considering offers of around $25 a share from Toronto-Dominion Bank (TD) and BB&T (BBT).  BankUnited of Florida's CD Rates 

The bids are below BankUnited's close of $25.70 yesterday and its asking price of $27-$29.

BankUnited, Inc. (BKU) -NYSE

DateOpenHighLowCloseVolumeAdj Close*
Aug 16, 201225.7325.7925.5225.70124,60025.70
Aug 15, 201225.7125.8225.6225.78112,90025.78
Aug 14, 201225.9025.9025.5925.70240,10025.70
Aug 13, 201225.7125.8925.5825.79376,50025.79
Aug 10, 201225.4725.7225.4125.70145,10025.70

This is the second time this year that TD and BB&T have been involved in talks to buy BankUnited.