Green Dot (GDOT) Cuts FY14 Outlook
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Green Dot (GDOT) to Acquire Santa Barbara TPG in $320M Deal
September 18, 2014 6:05 AM EDTGreen Dot (NYSE: GDOT) announced that it has entered into a definitive agreement to acquire Santa Barbara Tax Products Group (TPG) for approximately $320 million in cash and stock plus potential additional contingent consideration. Green Dot Corporation ("Green Dot or the "Company") and its wholly-owned subsidiary bank, Green Dot Bank, are focused exclusively on serving Low and Moderate Income (LMI) American families with modern, fair and feature-rich financial products and services, including prepaid cards, checking accounts and cash processing services distributed through a network of some 95,000 retail stores, neighborhood financial service centers, and via digital channels.... More
