Monday's Winners & Losers: National Health Investors, Luby's, Clearnet, Symbollon

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M&A Analyst actions Offerings/stock actions Miscellany By the numbers

Updated from 4:01 p.m. EDT

Washington Mutual(WM Quote) closed down 3/4 to 32 1/16 after the company confirmed it would pay about $1.5 billion to buy Bank United(BNKU Quote). The deal calls for each Bank United share to convert to 1.3 Washington Mutual shares. According to the companies, the acquisition's price is 11.6 times Bank United's 12-month earnings and 1.67 times its book value as of June 30. The purchase, which would create about $87 million in pretax savings in 2002, should add to Washington Mutual's EPS in 2002. Bank United declined 1 1/2 to 40 7/8.

TheStreet.com/NYTimes.com joint newsroom wrote about the merger in an earlier story.

Mergers, acquisitions and joint ventures

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