NetSpend up 30% after being acquired by Total System for $16 per share

theflyonthewall.com

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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