Key Developments: St. Joe Co (JOE.N)
11 Jul 2014
Latest Key Developments (Source: Significant Developments)
St. Joe Co:Says that it closed on the sale of about 380,000 acres of the company's non-strategic timberland and rural land in Northwest Florida.Says sold to subsidiaries of AgReserves, Inc., a Utah corporation, for about $562 million, which included $200 million in the form of a timber note. Full Article
St. Joe Co announced that it has entered into a sales agreement with AgReserves, Inc., a Utah corporation, to sell approximately 382,834 acres of its non-strategic timberland and rural land in Northwest Florida for $565 million. The final price is subject to an adjustment set forth in the Sales Agreement. TAP Advisors acted as financial advisor to the Company in connection with this transaction, with Sullivan & Cromwell LLP and Greenberg Traurig P.A. as legal counsel. Foley & Lardner LLP and Kirton McConkie PC acted as legal counsel to AgReserves, Inc. Full Article
St. Joe Co announced that Marek Bakun is joining the Company as Chief Financial Officer (CFO) effective October 7, 2013. Mr. Bakun is replacing Tom Hoyer who has held the position since March 2012. Full Article
RICHMOND Va. - China's Shandong Tranlin Paper Co Ltd will invest $2 billion in a paper and fertilizer plant in Virginia that will be China's largest greenfield project in the United States, Virginia Governor Terry McAuliffe said on Wednesday.