Ackman did a big power point on why he is bullish on residential real estate, he and Berkowitz were co-investors in GGP...read the article on Berkowitz that calls him the brain of Miami and you will see that Ackman has his cellphone number.
if there is an acquisition, Ackman would be a logical partner here, esp with the profits from GGP and his view on res. real estate
St. Joe Shares Gain On Acquisition Rumors >JOE Last update: 12/15/2010 2:25:15 PM St. Joe Co. (JOE) shares rose over 12% on Wednesday on reports of unconfirmed acquisition rumors even as the real estate developer grapples with lawsuits alleging that it misrepresented its finances. Shares were recently up $1.81, or 10.2%, at $19.61. The stock is down 32% since the beginning of the year. -Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires December 15, 2010 14:25 ET (19:25 GMT)