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CCA makes deal amid border crisis

Sep. 24, 2014 7:50 AM ETCoreCivic, Inc. (CXW) StockCXWBy: Stephen Alpher, SA News Editor1 Comment
  • Corrections Corporation of America (NYSE:CXW) agrees with Immigration and Customs Enforcement to house up to 2.4K individuals at the South Texas Family Residential Center leased by CCA in Dilley, Texas.
  • The deal is expected to start next month with a term of up to four years.
  • Thanks to start-up costs, the transaction is forecast to cut EPS by $0.02-$0.04 this year.

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