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April 05, 2012 at 17:52 PM EDT
Corvex Management Acquires 7.04% Stake In Corrections Corp. Of America
Corvex Management acquired a 7.04% stake in Corrections Corp. of America (NYSE: CXW) and may convert Corrections Corp. into a real estate investment trust. The stock price soared $1.78 to close at $28.99.
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