Key Developments: St. Joe Co (JOE.N)

JOE.N on New York Stock Exchange

24.21USD
11 Jul 2014
Price Change (% chg)

$0.16 (+0.67%)
Prev Close
$24.05
Open
$24.04
Day's High
$24.37
Day's Low
$23.86
Volume
198,444
Avg. Vol
221,776
52-wk High
$26.63
52-wk Low
$16.82

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Latest Key Developments (Source: Significant Developments)

St. Joe Co announces sale closed to agreserves for $562 million
Wednesday, 5 Mar 2014 09:38pm EST 

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 Announces an Agreement to Sell 382,834 Acres of Non-Strategic Lands
Thursday, 7 Nov 2013 07:45am EST 

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 Announces Marek Bakun as New Chief Financial Officer
Tuesday, 1 Oct 2013 06:27pm EDT 

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

China's Shandong Tranlin to invest $2 billion in U.S. plant

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.

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