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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