El crecimiento de las ventas de Geo bajo del 30% en 1999 al 3% en 1999.
Pero si Geo no entra por el aro ahora, los accionistas podrian ser la ultima de sus preocupaciones.
The Independent Committee engaged Davis Polk & Wardwell LLP and Delancey Street Partners, LLC as its legal and financial advisors, respectively, in its evaluation of the GEO Care Divestiture.
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 Care Divestiture.
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.
Each shareholder may elect to receive payment of the special dividend either in cash or in shares of
GEO common stock, except that
GEO will limit the aggregate amount of cash payable to shareholders (other than cash payable in lieu of fractional shares) to the amount of cash paid pursuant to the lottery described below, plus 20% of the total dividend amount remaining after the lottery.
MCF is a consolidated variable interest entity, which
GEO assumed in August 2010 as a result of
GEO's acquisition of Cornell Companies, Inc.
This news 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 borrowing capacity under the Revolving Credit Facility.
Zoley, Chairman and Chief Executive Officer of
GEO, said, "This is a very important milestone for our company.
Immediately upon completion of the merger, the new Term Loan A and Term Loan B are expected to be fully funded, and
GEO expects to have approximately $220.
The
GEO Group (NYSE:
GEO) ("
GEO") announced today that it has signed a contract amendment with the East Mississippi Correctional Facility Authority (the "Authority") for the continued management of the 1,500-bed East Mississippi Correctional Facility (the "Facility") located in Meridian, Mississippi.
