Carl Icahn Discloses Increased Exposure In Nuance, Has Plans to Go Activist

Carl Icahn Discloses Recent Derivative Trades on Nuance Communications Inc. (NASDAQ:NUAN) which shows increased exposure.

Carl Icahn boosted his stake in Nuance Communications Inc. (NASDAQ:NUAN) after the company reported a weak second quarter earnings result on Tuesday, April 30. He created the most valuable position in Nuance. Icahn Capital LP had 76.9 million invested in the company at the end of the quarter.

Valuewalk reported on May 1st that sources with direct knowledge of the matter have told ValueWalk that Carl Icahn plans to further boost his stake in the company, now we have seen that happened. The activist has plans to force a takeover of the firm or buy the company outright. A spokesperson for Icahn did not respond to requests for...