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Defense contractor Stanley prices at midpoint

October 17, 2006
SXE

Stanley, Inc., which provides IT consulting services to the US DoD and other government agencies, priced its offering of 6.3 million shares at $13, the midpoint of its proposed $12 to $14 range, on Tuesday night. Of the shares sold in the offering, slightly more than 1 million were offered by insiders. Citigroup was the sole book runner on the deal. The stock is expected to begin trading on the NYSE under the ticker SXE on Wednesday.