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Weekly News Wire | September 14, 2014

Civitas Solutions, Operator Of Mentor Network, Announces IPO Plans

On September 3, Community-Based Civitas Solutions in Boston, Massachusetts, announced the terms for its Initial public offering (IPO), announcing plans to raise $252 million by offering 11.7 million shares at a price range of $20 to $23. Civitas filed documents with the Securities and Exchange Commission on May 27, 2014, and will list its stock on the NASDAQ Global Market under the symbol CIVI. The offering is being made via Barclays, Jefferies, BofA Merrill Lynch, UBS Investment Bank, Raymond James, SunTrust Robinson Humphrey, and Avondale Partners.

Civitas, which was founded in 1980 and offers non-institutional care services . . .

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