Serco to lose Mt Eden contract by 1st January 2016

Posted by admin 
Serco to lose Mt Eden contract by 1st January 2016
August 03, 2015 12:12PM
Regarding the recent news stories do you think any change will occour?
[www.ipredict.co.nz]
Re: Serco to lose Mt Eden contract by 1st January 2016
December 09, 2015 05:38PM
Please clarify the conditions for closure, it appears the market doesn't think today's announcement satisfies the conditions.
Re: Serco to lose Mt Eden contract by 1st January 2016
December 10, 2015 07:48AM
"The purpose of this contract is to forecast whether or not Serco will remain as the operator of Mt Eden prison throughout 2015.."
Re: Serco to lose Mt Eden contract by 1st January 2016
December 10, 2015 10:05AM
Thanks for your questions, this contract will remain open because the long description terms have not been satisfied:
The purpose of this contract is to forecast whether or not Serco will remain as the operator of Mt Eden prison throughout 2015. To lose the Mt Eden contract refers in any way to a change in management, including the shift to another private provider or government intervention. If the company Serco changes its name or is rebranded then the contract will shift to the new company. If Serco goes bankrupt or for any reason ceases to operate Mt Eden prison before 1st January 2016 this contract will close at $1.

To close at $1 this would require that Serco no longer operate Mt Eden prison in 2015.
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