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Nuance/Transcend acquisition done deal? See link in message... - DONE!


Posted: Apr 26, 2012

Looks like a done deal if I read this correctly as of today?  Read article below....

http://online.wsj.com/article/BT-CO-20120426-715167.html?mod=WSJ_ComputerSoftware_middleHeadlines

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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