Just weeks after joining St. Joe’s(JOE) Board, and days after proposing Charlie Crist as an additional Board Member, Fairholme’s Bruce Berkowitz, whose fund owns over 30% of the company has resigned, effective immediately. Charles Fernandez, also of Fairholme resigned as well. The company, which put itself up for sale last week, has been a topic of much discussion… Read More »
If it looks like a duck and quacks like a duck, it might just be Sardar Biglari playing dress up. In his continuing effort to pretend to be Warren Buffett, Biglari Holdings(BH) announced this morning that its Board Of Directors had approved a 1-15 reverse stock split. This follows a previous 1-20 reverse split, and will be followed… Read More »
As reported previously, Berkshire Hathaway(BRK-B,BRK-A) announced its intention on August 25, 2010 to propose to Wesco(WSC) that it purchase the 19.9% of Wesco it did not already own. This morning, at long last, the two companies have announced a definitive merger agreement. Wesco shareholders will be able to elect cash or stock at what seems like a negligible… Read More »