Chemdex to buy

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Palo Alto, Calif.--Chemdex Corp., a business-to-business electronic commerce Web site for the chemical industry, announced Wednesday an agreement to acquire, an e-commerce Web site for health care purchasing professionals. The stock deal is valued at about $340 million. With the acquisition, Chemdex is attempting to strengthen its position in b-to-b e-commerce across a range of industries. will operate as a separate business unit of Chemdex and will be headquartered in Salt Lake City.
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