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News Breaks | | | | February 19, 2013 | | 17:20 EDT |  | NTSP, GDOT, TSS | NetSpend up 30% after being acquired by Total System for $16 per share
NetSpend (NTSP) announced it entered in an agreement with Total System Services (TSS) to be acquired for $16 per share, sending shares up $3.71, or 30.19%, to $16.00. Green Dot (GDOT), which competes with NetSpend in the general purpose reloadable, or GPR, debit card space is also trading higher in the after hours, up $2.87, or 19.62%, to $17.50. | |
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News For NTSP;TSS;GDOT From The Last 14 Days Check below for free stories on NTSP;TSS;GDOT the last two weeks. |
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| May 22, 2013 | | 18:33 EDT | | NTSP, TSS | NetSpend says Court denies plaintiff's motion for preliminary injunction
NetSpend Holdings (NTSP) announced that on May 21, the Court of Chancery of the State of Delaware issued a memorandum opinion in Koehler v. NetSpend Holdings et al. denying the plaintiff's motion for a preliminary injunction, which sought to enjoin a shareholder vote on the company's proposed merger with Total System Services (TSS), while finding that a reasonable likelihood exists that the sales process undertaken by the NetSpend Board of Directors was not designed to produce the best price for the stockholders. NetSpend believes that its Board of Directors acted appropriately and pursued a process intended to achieve the best price for the company and intends to continue to vigorously defend itself in the litigation. The Court's ruling will not affect the timing of the company's special meeting of stockholders, which will be held as scheduled on May 31. | | | May 17, 2013 | | 10:18 EDT |  | GDOT | Barclays' IT consulting & computer services analyst holds conference call
 Subscribe for More Information | | | May 15, 2013 | | 06:55 EDT | | GDOT | Green Dot expects GoBank to be available by July 4
During its presentation at FinovateSpring yesterday, Green Dot's GoBank announced that it expects to be generally available by July 4. GoBank is the first bank account designed specifically for the mobile device, the company said. | |
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