St. Joe Responds To Bruce Berkowitz (JOE)

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