Green Dot Shares Largely Unaffected Following Speculation Of PayPal Interest

Shares of Green Dot Corporation GDOT were trading lower by 0.12 percent at $16.01 late Thursday morning despite the company being named as a potential acquisition target.

DealReporter reported that Green Dot, a provider of re-loadable prepaid debit cards and cash reload services, could be targeted by Paypal Holdings Inc PYPL.

Dealreporter suggested that an acquisition of Green Dot would provide the facility to transfer funds from a virtual PayPal account onto a physical card that can be used to withdraw cash at an ATM.