GEO Group completes $950M sale of three ICE processing centers to DHS, raises buyback to $1.25B

GEO Group completed the sale of its Adelanto West and Adelanto East ICE Processing Centers and the Desert View Annex to the U.S. Department of Homeland Security for a gross price of $950M, yielding about $705M in net proceeds. The company also increased its share buyback authorization to $1.25B through 2029.

Detected & updated continuously · Source: Nebula