Brief: St. Joe through its unit St. Joe Timberland entered into an agreement with Windmark JV

St Joe

29/12/2016 11:05

Dec 29 (Reuters) - St. Joe Co  JOE.N : 
    * On dec 27 co through its unit St. Joe Timberland entered 
into an agreement with Windmark JV 
    * Company will initially recognize a tax loss of 
approximately $125 million from the deal 
    * St. Joe Co - agreement provided for Windmark JV to 
transfer $20.0 million to SJTC in exchange for Windmark beach 
development  
    * St. Joe Co - there will be no impact on results of 
operations of company as a result of transaction 
 
Source text : (http://bit.ly/2iInMTd) 
Further company coverage:  JOE.N  
 
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