Corrections Corp of America – ‘8-K’ for 2/23/00 – EX-99.2

On:  Tuesday, 2/29/00   ·   As of:  3/1/00   ·   For:  2/23/00   ·   Accession #:  950144-0-2830   ·   File #:  0-25245

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Prison Realty Trust, Inc                               4     15K 
 2: EX-10.1     First Amendment to Securities Purchase Agreement       4     17K 
 3: EX-99.1     Letter to Board of Directors                          11     41K 
 4: EX-99.2     Press Release                                          1      6K 

EX-99.2   —   Press Release

EX-99.2
TOC
↑Top
Previous
Next
↓Bottom
Just 1st
 
                                                                    EXHIBIT 99.2

FOR IMMEDIATE RELEASE                                                           

CONTACT: ALEX SINGAL (615) 263-3005                                             

BOARD OF DIRECTORS OF PRISON REALTY TRUST, INC. RECEIVES
 UNSOLICITED OFFER FROM PACIFIC LIFE INSURANCE COMPANY

    NASHVILLE, Tenn., February 29 / PRNewswire / -- Prison Realty Trust,
Inc. (NYSE: PZN) announced today that on Wednesday, February 23, 2000 its board 
of directors received an unsolicited proposal from Pacific Life Insurance       
Company ("Pacific Life") regarding a transaction intended to serve as an        
alternative to the previously announced restructuring transactions led by a     
group of investors consisting of an affiliate of Fortress Investment Group LLC  
and affiliates of The Blackstone Group, together with an affiliate of Bank of   
America Corporation. In order to provide full information on the specific terms 
of the Pacific Life proposal, Prison Realty will include the text of Pacific    
Life's proposal in a Current Report on Form 8-K to be filed with the U.S.       
Securities and Exchange Commission via EDGAR.                                   

        The Prison Realty board of directors has determined, after reviewing the
proposal with its financial and legal advisors, that it is appropriate for      
Prison Realty and its financial advisors to commence negotiations with Pacific  
Life regarding a potential transaction. Prison Realty does not intend to report 
on the status of negotiations with Pacific Life or provide updates on the terms 
of Pacific Life's proposal prior to reaching a definitive agreement with Pacific
Life or determining that no definitive agreement will be reached.               

        This news release contains forward-looking statements within the meaning
of Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of
the Securities Exchange Act of 1934, as amended. Actual results could differ    
materially from those set forth in the forward-looking statements.              

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed as of:		3/1/00		None on these Dates
Filed on:		2/29/00
For Period End:		2/23/00
				List all Filings