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Convera Corporation (PK:CNVR) publicized today the closing of a merger at Convera's operating subsidiaries with Vertical Search Works, Inc., a father company of Firstlight Online Limited 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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