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Redeye raises its forecasts and Base case for Vertiseit following its acquisition of Grassfish. While we are unsure of the benefits to Vertseit’s current businesses, we consider Grassfish a quality name, and we believe the acquisition is a favorable deal for Vertiseit’s shareholders. With its attractive sales mix, well-known customers, solid profitability, and high growth, we believe Grassfish will be the most important subsidiary in Vertiseit from now on.
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