St. Joe Responds To Bruce Berkowitz (JOE)

by Jonathan Chen, Benzinga Staff Writer

February 16, 2011 1:02 PM | 20 seconds read | Make a Comment

CNBC's Mary Thompson is reporting that St. Joe Company

JOE

is responding back to Bruce Berkowitz, who resigned from the board earlier this week. The company is saying that Fairholme and Berkowitz wants to control the company, it should just buy the the company and pay all shareholders a premium. At last check, shares of JOE were up 6 cents to $26.55.

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Posted In: Hedge Funds Movers & Shakers Bruce Berkowitz Fairholme Capital Financials Real Estate Management & Development

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