Dobbins Partners Supports Prison Realty Restructuring
Dobbins Partners Supports Prison Realty Restructuring
September 7, 2000
DALLAS, Sept. 7 /PRNewswire/ -- Dobbins Partners L.P. and its affiliates
today announced that they have voted in favor of the merger, charter
amendments, and other transactions as proposed in the Proxy statement dated
July 31, 2000 filed by Prison Realty Trust (NYSE: PZN). Dobbins believes the
proposed restructuring, on an overall basis, is the best option available to
maximize shareholder value. Furthermore, Dobbins is encouraged by the actions
taken by new management in terms of operations and corporate governance and
urges all shareholders to vote their shares in favor of the proposed
transactions.