SunTrust recommends reducing exposure to Green Dot SunTrust recommends reducing exposure to Green Dot (GDOT) following Total System's (TSS) acquisition of NetSpend (NTSP). The firm does not view Green Dot as a takeover target and notes the company is rapidly losing share. The firm rates Green Dot a Reduce with a $12 price target, up from $10.
Green Dot requests withdrawal of registration statement The company requests withdrawal of the Registration Statement, File No. 333-200873, because it was inadvertently filed as form type “S-3” instead of form type “S-3ASR.” The company intends to file a new automatic shelf registration statement with the proper EDGAR codes to identify it as a filing on form type “S-3ASR” shortly after submitting this request.