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News Breaks | | | | December 28, 2012 | | 08:32 EDT |  | GEO | Geo Group announces election results for $350M special dividend
The GEO Group announced the results of the elections made by shareholders of GEO as to the form of distribution they wish to receive in connection with GEO’s previously announced special dividend of $352,206,508, or $5.68 per share of common stock, which will be paid on December 31 to shareholders of record as of December 12. As of December 12 there were approximately 62,008,188 shares of GEO common stock outstanding. The results of elections made by GEO shareholders are as follows: 10,560,240 shares of GEO common stock (approximately 17% of the outstanding shares of GEO common stock) elected to receive GEO common stock. 39,627,351 shares of GEO common stock (approximately 64% of the outstanding shares of GEO common stock) elected to receive cash. Pursuant to GEO’s previously announced special dividend terms, GEO will issue approximately 9,687,161 shares of GEO common stock based on an average opening price per share of GEO common stock on the New York Stock Exchange of $28.32 on December 26 and December 27, the two trading days following the election deadline of December 24. | |
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News For GEO From The Last 14 Days Check below for free stories on GEO the last two weeks. |
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| June 7, 2013 | | 08:37 EDT | | GEO | Geo Group sees Joe Corley Detention Center generating $27M in annual revenue
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