CCA (CXW) Board Approves REIT Conversion, Updates Guidance
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Corrections Corp. of America (CXW) Sees Mini-Spike Higher
February 7, 2013 3:30 PM ESTCorrections Corp. of America (NYSE: CXW) sees some upside into the close. Shares up 1.5%... More
Corrections Corp. of America (CXW) Up After Push from Corvex to Convert to REIT
April 5, 2012 12:19 PM EDTShares of Corrections Corp. of America (NYSE: CXW) are 5% higher Thursday after hedge fund Corvex Management LP disclosed a new 7.04% or 7,006,023 share, stake in a 13D filing and is pushing the company to convert into a REIT.
From the filing:
The Reporting Persons believe that the Shares are undervalued and are an attractive investment. The Reporting Persons have had conversations and meetings with each other and the management and members of the board of the Issuer... More
