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Stock Market & Financial Investment News

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April 30, 2014
08:36 EDTGEOGeo Group announces 640-bed expansion of Adelanto detention facility in CA
The GEO Group announced a 640-bed expansion to the company-owned, 1,300-bed Adelanto Detention Facility in California under an amendment to the existing contract with the City of Adelanto. GEO will finance, develop, and manage the $45M expansion, which will increase the Facility’s total capacity to 1,940 beds and is expected to generate approximately $21M in additional annualized revenues. GEO expects to complete the 640-bed expansion and begin intake by July 2015. The City of Adelanto has an agreement to provide detention and transportation services for U.S. Immigration and Customs Enforcement.
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July 18, 2014
17:08 EDTGEOGeo Group files automatic common stock shelf for holders
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