"AM 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), The NY Post reports, although the Florida-based firm is not in formal negotiations. The bids are below BankUnited's close of $25.70 yesterday and its asking price of $27-$29."
I personally believe that Kelly King will avoid increasing the dividend until his acquisitions are fully digested. I also believe King won't buy anything that doesn't quickly add to earnings.
I will also add that I doubt he will be able to buy BKU at what looks like his offer price. Time will tell, of course.