GEO Group Jumps on Sale of California ICE Facility and Expanded Buyback
GEO Group shares rose 4.7% in pre-market trading following the announcement of the sale of its Adelanto, California ICE processing center for $950 million. Additionally, the company increased its share repurchase authorization to $1.25 billion.
25 billion. The move follows the company's announcement on the facility sale and the expanded buyback authorization.