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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. 

Company Quote

24.05
0.25 +1.05%
4:01pm EDT