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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.