Pero si Geo
no entra por el aro ahora, los accionistas podrian ser la ultima de sus preocupaciones.
This press release contains forward-looking statements regarding future events and future performance of GEO
that involve risks and uncertainties that could materially affect actual results including statements regarding the benefits of REIT status, the estimate of annual payments and cost savings to GEO
and the estimate of a non-cash charge, net of tax, during the fourth quarter of 2012 in connection with the GEO
shareholders who made valid elections to receive cash and who were not selected in the lottery as well as GEO
shareholders who did not make a valid election will receive approximately 24% of the special dividend in cash, or approximately $1.
The total number of shares of common stock to be distributed pursuant to the special dividend will be determined based on shareholder elections and the average opening price per share of GEO
common stock on the New York Stock Exchange on the two trading days following December 24, 2012, the date that election forms will be due.
MCF is a consolidated variable interest entity, which GEO
assumed in August 2010 as a result of GEO
's acquisition of Cornell Companies, Inc.
Care contract has a term of five years and is expected to generate approximately $2.
As a result of the purchase of MCF, GEO
will reduce future net cash payments associated with the Lease by $155 million over the remaining full term, inclusive of all renewal options and tax benefits.
Care is a wholly-owned subsidiary of The GEO
Group, a world leader in the delivery of correctional, detention, and residential treatment services to federal, state, and local government agencies around the globe.
Group is a world leader in the delivery of correctional, detention, and residential treatment services to federal, state, and local government agencies around the globe.
In addition, under the terms of a development contract, GEO
Care will begin construction of a new $37 million, 220-bed replacement facility on July 1, 2006.
Group (NYSE: GEO
") announced today that its wholly-owned subsidiary, GEO
Care has signed a contract with Montgomery County, Texas (the "County") for the management of the county-owned, 100-bed Montgomery County Mental Health Treatment Facility (the "Facility") to be located in Conroe, Texas.
has managed and operated the Moore Haven Correctional Facility, which was designed, financed, and constructed by GEO
, since July 1995.