Green Dot Shares Largely Unaffected Following Speculation Of PayPal Interest

Shares of Green Dot Corporation (NYSE: 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 (NASDAQ: 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.