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Nuance stock news...interesting - anon


Posted: Apr 25, 2013

Interesting article from WSJ about possible news of Nuance selling off parts of its holdings: (it is all conjecture at this point, but interesting that Goldman is often called in to make major changes, and sometimes it involves sale of parts or all of the company)

 

Nuance Communications Inc. NUAN +4.13%, the speech-recognition software maker in which investor Carl Icahn recently took a stake, is seeking advice from Goldman Sachs Group Inc. GS +0.69%, according to people familiar with the matter.

The precise nature of the work Goldman is doing isn’t clear, but the Wall Street firm is often called in when companies are under pressure from investors such as Mr. Icahn who are known for pushing for major changes like the sale of a division or the entire company, or a big stock buyback.

Affiliates of Mr. Icahn on April 1 disclosed a 9.3% stake in Nuance, without detailing any specific intentions. The disclosure was made in a filing that indicated the investment is passive, but that wouldn’t stop the billionaire investor from shifting into activist stance later on.

This was discussed about a month or so ago. - nm

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