Geo Group Surges After Report That U.S. Crime Bill Is Dead

Updated on
  • Shares of private-prison operator climb as much as 13%
  • McConnell’s spokesman won’t rule out moving forward with bill

Geo Group Inc., an operator of private prisons, surged as much as 13 percent following a report that a criminal-justice overhaul bill that would have reduced federal mandatory minimum sentences was effectively dead in the U.S. Senate.

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