Jul. 7 at 1:17 PM
Noble Capital Markets Research Report: CoreCivic, Inc. (
$CXW ) – Validation of Asset Worth
Asset Sale. CoreCivic sold two detention facilities— the 2,560-bed California City Detention Facility in California City, California, and the 1,994-bed Otay Mesa Detention Facility in San Diego-to the U.S. Government for gross proceeds of
$1.5 billion or approximately
$1.1 billion in net proceeds. Significantly, CoreCivic expects to continue to manage both facilities under existing management contracts with ICE.
Read full report here: https://www.channelchek.com/news-channel/corecivic-inc-cxw-validation-of-asset-worth