Aug. 11 at 1:43 PM
Noble Capital Markets Research Report: CoreCivic, Inc. (
$CXW) –
$500 Million Accelerated Share Repurchase
ASR. CoreCivic has decided how to use a portion of the proceeds from the facilities sale, and it’s a
$500 million Accelerated Share Repurchase program. The Company already used over
$600 million of net proceeds to reduce debt, and increased share repurchases were a logical use of additional funds, in our opinion. Upon completion of the ASR Agreement, the Company anticipates that approximately
$255.8 million of share repurchase authorization will remain available.
Read full report here: https://www.channelchek.com/news-channel/corecivic-inc-cxw-500-million-accelerated-share-repurchase