Florida real estate developer St. Joe (JOE) is up 7.1% premarket after disclosing a stockholder...

|About: St Joe Co. (JOE)|By:, SA News Editor

Florida real estate developer St. Joe (JOE) is up 7.1% premarket after disclosing a stockholder agreement with activist investor Fairholme Funds that allows the money manager to "acquire beneficial ownership" of up to 50% of St. Joe's common stock, up from a prior 30%. (previously)