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Stock Market & Financial Investment News

News Breaks
December 7, 2012
09:01 EDTGEO, IRM, CXWGeo Group should rally 5%-7% on REIT conversion, says Macquarie
Macquarie expects Geo Group (GEO) to rally 5%-7% on news of its TEIT conversion. Additionally, the firm expects Corrections Corp. (CXW) and Iron Mountain (IRM) to trade up in sympathy.
News For GEO;CXW;IRM From The Last 14 Days
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July 6, 2015
08:48 EDTGEOGEO Group activates company-owned facilities in Oklahoma, Michigan, California
The GEO Group announced the activation of three company-owned facilities totaling 4,320 beds in Oklahoma, Michigan, and California. In early June 2015, GEO began the intake of offenders at the 1,940-bed Great Plains Correctional Facility in Hinton, Oklahoma under a 10-year contract with the Federal Bureau of Prisons. In late June 2015, GEO also began the intake of inmates from the State of Vermont at the 1,740-bed North Lake Correctional Facility in Baldwin, Michigan under a five-year agreement with the Vermont Department of Corrections. Under the contract, GEO will provide comprehensive correctional management services, including the provision of industry-leading, evidence-based offender rehabilitation programs under the ‘GEO Continuum of Care.’ On July 1, 2015, GEO activated a 640-bed expansion and began the intake process at the Adelanto Detention Facility in Adelanto, California under the existing contractual structure with the City of Adelanto and U.S. Immigration and Customs Enforcement.

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