Carl Icahn Buys Another 50K Shares Of Nuance

The latest Form 4 filing by Carl C. Icahn reveals the acquisition of another 50,900 shares in speech recognition and digital imaging company Nuance Communications Inc. (NASDAQ:NUAN). The stock was acquired on December 16 at a price of $14.2 per share, bringing the activist investor’s total beneficial holding in NUAN to 60,784,623 shares. Earlier this year, ValueWalk first reported Icahn's intentions to acquire a large stake and sell the company or break it up.

Clout on Nuance board

Last October, Icahn gained two seats on the board of Nuance to which he appointed Brett Icahn, and...