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Corrections Corporation of America Message Board

  • rgock rgock Apr 5, 2012 2:53 PM Flag

    CXW Upward Price Movement

    Per article:

    Corvex Management said in an SEC filing this morning that it had taken a 7.04% stake in prison operator Corrections Corp. of America (CXW). Corvex also reported that it had held talks with Corrections Corp. about the possibility of the latter company converting to a REIT. Experts have said that Corrections Corp. could convert to a REIT without significantly disputing its operations, said Corvex Moreover, converting to a REIT would enhance the company's growth prospects and raise shareholder value, Corvex added. In mid-afternoon trading, Correction Corp gained $1.54, or 5.66%, to $28.75.

13.72-0.27(-1.93%)Oct 24 4:02 PMEDT