Prison shares rise as U.S. eyes more migrant family detention space


  • World
  • Saturday, 23 Jun 2018

(Reuters) - Shares in private prison operators CoreCivic Inc and Geo Group rose on Friday as investors bet on increasing demand for their services after U.S. authorities asked about available capacity for the detention of immigrant families.

The U.S. Department of Homeland Security's office of Immigration and Customs Enforcement (ICE) issued a request for information on Friday afternoon about potential facilities from different providers to accommodate up to 15,000 beds, ideally in several locations.

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