Geo Group Inc. (NYSE: GEO) will pay approximately $374 million in cash and stock to acquire rival prison operator Cornell Companies Inc. (NYSE: CRN). Shares of Geo Group slipped 25 cents to close at $18.91 while Cornell stock leaped $6.03 to close at $24.50.
Geo Group To Acquire Cornell Companies
April 19, 2010 at 17:12 PM EDT