Carl Icahn Ups Stake In Siri Maker Nuance To Nearly 19%, Plans Sale

05DecDecember 5, 2013

Carl Icahn Ups Stake In Siri Maker Nuance To Nearly 19%, Plans Sale

Carl Icahn disclosed Wednesday that he increased his stake in Nuance Communications Inc. (NASDAQ:NUAN) to 18.72% up from 16.9%. Icahn has big plans for the company as ValueWalk first reported in May.

According to a filing with the Securities and Exchange Commission, Icahn now owns a total of 58.9 million shares in Nuance Communications Inc. (NASDAQ:NUAN) after the recent acquisition of 6.5 . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Author

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

JPM: Buy Infrastructure Stocks Ahead Of Fiscal Stimulus

Jul

Investors should position themselves for the upcoming boost in infrastructure spending as monetary policy effectiveness starts to reach its limits, that’s according to JP Morgan’s Global Equity Strategy research... Read More

Hedge Fund Exposure In S&P500 and Nikkei

Hedge Funds Aggressively Selling Volatility and Euro

Apr

Hedge funds are holding record net long exposure, compared to last couple of years, both in US equities and Japanese markets, Societe Generale's Hedge Fund Watch reports. These findings... Read More

Soros Downside Put Protection Climbs to $2.2 Billion

Aug

The game of “pick the market implosion” date is something that has taken on almost a drinking game type of mythology. Certain investment managers know the calculus of Federal... Read More

Sloppy Decisions At Greenlight Capital & Pershing Square?

May

Sloppy Decisions At Greenlight Capital & Pershing Square by GlobalSlant Headline: Massive Flaws at SUNE [SunEdison] + VRX [Valeant] Were Somehow Missed By Both of These High Profile/Well Resourced Hedge Funds Much... Read More

Drilling Efficiency Drives Growth In U.S. Unconventional Oil & Gas

Oct

Increase in drilling efficiency and well productivity has been driving growth in U.S. unconventional crude oil and natural gas production, claims the Drilling Productivity Report (DPR), recently released by... Read More

Mattress Firm Holding Corp (MFRM) Explodes On Bid

Aug

Mattress Firm Holding Corp (NASDAQ:MRFM) is soaring and with it taking many shorts up to heaven or if they have been naughty taking them down. The stock is a... Read More

Goldman Views On The Dollar, Oil Prices, And Earnings

Oct

The most popular, and potentially most significant question of the economic quarter is the impact the rising U.S. dollar will have on U.S. corporate earnings, a new research report... Read More

Mohnish Pabrai Up 5.3% In 2016: A Year He'd Rather Forget As AUM Drops Around 20%

Jan

Mohnish Pabrai is well known in value circles around the world. His impressive investment performance over the years is testament to his rigorous process and commitment to value few... Read More

Market News: Inflation Jumps

Feb

Market Update Market Action US: Dow: 12945.60 (0.32%), S&P 500: 1360.60 (0.19%), NASDAQ: 2950.84 (-0.31%) Europe: CAC: 3439.62 (1.35%), DAX: 6848.03 (1.40%), FTSE: 5905.05 (0.33%). Asia:China: 2357.18 (0.01%),Hong Kong: 21491.62 (1.00%),India: 5564.30 (0.77%),Japan:... Read More

Hugh Hendry Slips Another Month On China; EM Currency Shorts

Nov

Hugh Hendry's Eclectica Absolute Macro Fund saw a tough September, failing to benefit from the rebounding markets that benefited most other hedge funds. The fund lost 1.8% in September, reducing year... Read More