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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.