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Corrections Corporation of America Message Board

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  • Fedwkr Fedwkr Apr 20, 2000 9:18 PM Flag

    What your Special Div. might be.

    Hate to be dense buttttt:

    It may be an
    expensive insurance policy, but the shareholders don't have
    much choice. Therefore, I suspect shareholder approval
    is a lock.

    Got the concurrency of the
    approval period and the rights offering closing

    Confused about your last sentence, "PL would never allow
    an over-subscription priv if the really wanted to
    buy a lot of the pref.B". Since the pref.B is
    virtually a forced conversion to common (at least in my
    view), then why would exercising rights and
    over-subscription be in our best interest. I may be slow, but my
    course of action is staring to become much

    Thanks to all for your help!

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