Bull prospect - too closely related?

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LB2727

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We are looking for a herd bull and found one we really like however he shares a grand sire with one cow in our herd. The attached picture is what the offsprings pedigree would look like if we bred this potential bull with our cow. The great grand sire would be shared on the sire and dam's side which I circled below. Would it be best to shy away from this or is it not a big deal.
1000029993.jpg
 
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