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Market Impact: 0.35
US Pays $950 Million to Buy California ICE Jails From Geo Group
Source: Bloomberg
M&A & RestructuringElections & Domestic PoliticsInfrastructure & Defense
The Trump administration agreed to pay GEO Group $950 million for three California immigration detention facilities. The purchase gives the federal government more direct control of detention infrastructure supporting its mass deportation campaign; the article does not report market reaction or further transaction terms.
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