Icahn May Push for Board Seats at Nuance
Activist investor Carl Icahn said he may seek talks with speech-recognition technology maker Nuance Communications Inc. regarding the possibility of adding nominees to Nuance’s board.
Mr. Icahn — known for amassing big stakes and pushing for change at underperforming companies — holds 52.4 million Nuance shares, or a 16.9 percent stake. He and his affiliates had first disclosed a 9.3 percent stake in Nuance in April, without detailing any specific intentions for the company. Mr. Icahn and his affiliates increased their stake in Nuance earlier this month.