A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Article on acquisition of Transcend - alrightythen
[ In Reply To ..]
The link is incorrect above. Here is the jist of it:
Nuance Communications Inc. (NUAN) projected fiscal second-quarter earnings that handily topped Wall Street views, as the speech-software company also said it successfully completed its tender offer to acquire peer Transcend Services Inc. (TRCR).
Shares were up 13% at $25.87 in premarket trading. Through Wednesday's close, the stock is down 9.4% this year.
Nuance projected fiscal second-quarter profit of 42 cents to 43 cents a share on revenue of $389 million to $391 million. Analysts polled by Thomson Reuters recently expected earnings of 38 cents on revenue of $406 million.
The company plans to complete the roughly $327 million acquisition Thursday through a "short form" merger, which doesn't require a meeting of Transcend shareholders.
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