Geo Group Inc: Acquisition or sale completed
The GEO Group completed the sale of its Adelanto Complex to the U.S. government for $950,000,000 and increased its share repurchase authorization to $1.25 billion.
Positive for the companyWhat happened
- The GEO Group sold the Adelanto Complex in California to the Department of Homeland Security for an aggregate purchase price of $950,000,000.
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