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Icahn May Push for Board Seats at Nuance

Published on August 30, 2013
by Nathalie Tadena

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.

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