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| Corrections Corp. announces 3-for-2 stock split |
| By Reuters |
| Published: 08/03/2006 |
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NASHVILLE, TN - Prison manager Corrections Corp. of America announced Thursday a 3-for-2 stock split in the form of a 50 percent stock dividend on its common stock. The company, in a news release, said the stock dividend is payable on Sept. 13 to stockholders of record on Sept. 1. The company also said shareholders will receive cash in lieu of fractional shares. The stock split will increase the number of common stock outstanding to about 60.4 million from 40.3 million, the news release added. |
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