GSI Commerce Inc. (GSIC) announced that certain former Retail Convergence Inc. stockholders have agreed to sell 2.13 million common shares in a registered underwritten offering. The company expects to close the offering to occur on or about December 11, 2009.
The company said that the selling stockholders acquired their shares of GSI common stock in connection with GSI's acquisition of Retail Convergence Inc. GSI said that it will not receive any of the proceeds from the offering.
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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.