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FRP Development Corp / Florida Rock Properties, Inc.

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  • Patriot Announces Plan to Separate Into Two Public Companies and Provides Update on Anacostia Project

    Posted: 05.07.2014

    In: Investors, Press

    Jacksonville, Florida, May 7, 2014 – Patriot Transportation Holding, Inc. (Nasdaq GM: PATR) 
    announced today that it intends to separate its transportation business from its real estate 
    businesses. The separation will result in two independent, publicly-traded companies by means 
    of a tax-free spin-off of the transportation business to Patriot shareholders. The separation, which 
    is subject to a number of conditions including final Board approval, receipt of an opinion of tax 
    counsel and effectiveness of a registration statement on Form 10, is expected to be completed in 
    the next twelve months.
     
    Please download the full press release to continue reading. 

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FRP Development Corp / Florida Rock Properties, Inc.

34 Loveton Circle, Suite 200 | Sparks, MD 21152
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