Green Dot (GDOT) to Acquire Santa Barbara TPG in $320M Deal
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Green Dot (GDOT) Cuts FY14 Outlook
September 18, 2014 6:04 AM EDTGreen Dot (NYSE: GDOT) announced that it is revising its 2014 financial outlook based on the acquisition of Santa Barbara Tax Products Group (TPG), which was announced today, and updated year-to-date trends in the Company's core business.
For 2014, Green Dot now expects the following1:
Adjusted EBITDA to be between $122 million and $126 million for the full year, which reflects an estimated increase of approximately $6 million in operating expenses related to consolidating TPGs results post-closing. The Company's previous guidance was $128 million to $132 million.Non-GAAP... More