Convera Corp. (CNVR)announced the closing of a merger of Convera's operating subsidiaries with Vertical Search Works, Inc., a parent company of Firstlight Online Ltd.,effective on February 9, 2010, pursuant to the previously announced merger agreement.
Upon the merger, Convera owns 33.3% the total outstanding common stock of Vertical Search Works, subject to certain adjustments which may enable Convera to own up to 42% of Vertical Search Works prior to the distribution. The original shareholders of Vertical Search Works own the remaining shares of the new company
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.