Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Cornell Companies, Inc.
20 Abril 2010 - 4:03PM
Business Wire
Holzer Holzer & Fistel, LLC is investigating whether the
directors of Cornell Companies, Inc. (“Cornell” or the “Company”)
(NYSE: CRN) complied with their fiduciary duties in approving the
proposed buyout of the Company by The GEO Group, Inc. (“GEO”).
According to the terms of the agreement, if the deal is approved
Cornell shareholders receive the approximate cash value of $24.96
per share. The announcement states that Cornell shareholders would
select between receiving either 1.3 shares of GEO stock, or cash in
the amount of the fair market value of one share of GEO common
stock plus $6.00 or the fair market value of 1.3 shares of GEO
common stock, whichever is greater.
Current holders of Cornell common stock with questions
concerning their legal rights are encouraged to contact Holzer
Holzer & Fistel, LLC and its attorneys Michael I. Fistel, Jr.,
Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com
or mdees@holzerlaw.com, or via toll-free telephone at (888)
508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com, and upon request from the firm. Holzer Holzer
& Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the
attorney responsible for its content.
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