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14 Jul 2023
Arctic FLASH: Kahoot - Cash offer at 35. Mixed Q2

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Arctic FLASH: Kahoot - Cash offer at 35. Mixed Q2
NOK 35/sh cash offer from GS, GA, mngt + certain others43x-22x 23-25e adj. EBITDA on consensusQ2: Growth below but adj EBITDA above on lower costWe recommend the bid and guess no counterbid