CRN Cornell Companies

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Cornell Companies (the “Company”) (NYSE:CRN) related to the Company’s acquisition by The GEO Group (“GEO”) in a proposed transaction valued at approximately $685 million, including assumed debt.

Under the terms of the definitive merger agreement approved by the Company, Cornell Companies stockholders will have the option to elect to receive either 1.3 shares of GEO common stock for each share of Cornell Companies common stock, or cash consideration equal to the greater of (i) the fair market value of one share of GEO common stock plus $6.00 or (ii) the fair market value of 1.3 shares of GEO common stock. Based on the closing stock price of each company’s common stock as of April 16, 2010, and assuming maximum cash election, the proposed transaction implies a value of $24.96 per Cornell Companies share. Cornell Companies shares traded above $25.00 per share as recently as January 2010. The merger is expected to close in the third quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Cornell Companies’ board of directors.

If you own shares of Cornell Companies, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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