IT contractor SAIC Inc. prices 75mm shares at the high end of the range

SAIC Inc., a provider of scientific, engineering, systems integration and technical services to over 500 U.S. federal, state and local government agencies, priced its offering of 75 million shares $15, the high end of its $13-$15 range. Morgan Stanley and Bear Stearns acted as joint book-running managers for this IPO. The stock is expected to commence trading on the NYSE under the ticker symbol "SAI" on Friday.