GEO Group (GEO) on Watch Following Corrections Corp. (CXW) Customer Update
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CCA Provides Update on Customer Interactions in Response to DOJ Announcement
August 29, 2016 8:01 AM EDTNASHVILLE, Tenn., Aug. 29, 2016 (GLOBE NEWSWIRE) -- On August 19, 2016, Corrections Corporation of America (NYSE: CXW) (the Company or CCA), America's largest owner of partnership correctional, detention, and reentry facilities, issued a press release responding to the Federal Bureau of Prisons' ("BOP") decision to amend the Criminal Alien Requirement XVI ("CAR 16") solicitation and to reduce future reliance on privately operated prison facilities based on recommendations from the Department of Justice. Since then, several customers have made public statements supporting their continued use of the private sector for correctional space and services. We also expect... More
