July 1 (Reuters) - Geo Group Inc ( GEO ):

* THE GEO GROUP ANNOUNCES IT HAS ENTERED INTO A PURCHASE

AGREEMENT

TO ACQUIRE THE 770-BED WESTERN REGION DETENTION FACILITY IN SAN

DIEGO, CALIFORNIA FOR $60 MILLION

* GEO GROUP INC ( GEO ) - PURCHASE EXPECTED TO BE ACCRETIVE TO

ANNUALIZED

ADJUSTED EBITDA

* GEO GROUP INC ( GEO ) - TO USE PROCEEDS TO PAY OFF $300 MILLION IN

FLOATING RATE DEBT

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