Wednesday, April 30, 2003
CCA extends tender period to buy preferred stock
Nashville Business Journal
Corrections Corporation of America has extended the tender period to buy 4.2 million shares of its series B cumulative convertible preferred stock to May 13.
The Nashville-based prison operator (NYSE: CXW) is offering $26 for each of the 4.2 million shares, which represent 90 percent of the outstanding 4.67 million shares of that series of preferred stock.
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