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Consultancy SAIC sets terms

October 2, 2006
SAI

SAIC Inc., a provider of engineering, systems integration and technical services to government agencies and commercial markets, plans to offer 75 million shares at a range of $13 to $15. Assuming the stock prices at the midpoint, the company will have an initial market capitalization of $5.6 billion. Morgan Stanley and Bear Stearns head the list of underwriters on the deal. Timing is set for the end of October.