eMerge acquires cattle companies for e-hub

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eMerge Interactive Inc., Sebastian, Fla., said April 25 that it has acquired a pair of companies in its bid to develop an Internet marketplace for the cattle industry. eMerge said it will acquire for an undisclosed sum livestock-marketer Eastern Livestock Co., Louisville, Ky., and Jordan Cattle Auction, a San Saba, Texas-based cattle health certification company. In total, eMerge will pay $27.8 million in cash and $14.5 million in stock. The company said the two services organizations will give it a leg up in its bid to dominate Internet b-to-b activity in the $40 billion U.S. beef production industry.
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