Cornell Companies, Inc. Merger Litigation (NYSE: CRN)

Law Office of Brodsky & Smith, LLC Announces Investigation of Cornell Companies  
 
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Cornell Companies, Inc. (“Cornell” or the “Company”) (NYSE: CRN – News) relating to the proposed acquisition of Cornell by The GEO Group, Inc. (“GEO”). Under the terms of the agreement, Cornell shareholders would have the option to elect to receive either 1.3 shares of GEO common stock for each share of Cornell common stock they own; or an amount of cash consideration equal to the greater 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. The transaction implies an approximate value of $24.96 per Cornell share.  
 
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Cornell board’s approval of the proposed transaction. The transaction appears to be unfair, in part, given that Cornell stock was trading at $24.95 a share as recently as January 14, 2010 and traded at $23.89 a share on November 9, 2009.  
 
If you own shares of Cornell and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90. 

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