Green Dot reviewing alternatives, sources say

10 February 2016 - 12:00 am UTC

11 February 2016 – Green Dot (NYSE:GDOT) is in the early stages of exploring strategic alternatives amid pressure from activist investor Harvest Capital, three sources briefed on the matter said.

The Pasadena, California-based prepaid card provider has made soft outbound calls to potential strategic buyers, one of the sources said. Another source said potential bank suitors started to contact Green Dot to register interest prior to Harvest’s 13D filing in late January that called for a change in company management. A spokesperson for Green Dot declined to comment.