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 million shares. Icahn’s standstill agreement Recently Nuance Communications Inc. (NASDAQ:NUAN) announced its decision to provide two board seats for the group of activist investor, Carl Icahn, as part of a standstill agreement. Icahn’s group of investment funds owned 16.9%…