Nuance to add pair of Icahn nominees to board

Oct 08, 2013

Nuance Communications Inc. says it's reached a deal with billionaire investor Carl Icahn to add two of his nominees to its board.

The nominees include Brett Icahn, the activist investor's son, and David Schechter, an Icahn employee since 2004. Both men are co-managers of the Sargon Portfolio, a group of assets within Icahn Enterprises LP's Investment segment.

Carl Icahn is largest shareholder in the maker, with a nearly 17 percent stake. He tweeted Tuesday that he's happy with the deal and optimistic the presence of his son and Schechter will drive Nuance's stock higher.

As part of the deal, Carl Icahn will support the company's slate of board nominees, including his son and Schechter, at its 2014 annual meeting.

Nuance shares rose 2 percent in premarket trading.

Explore further: Carl Icahn's stake in Nuance grows to 16.9 pct.

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Carl Icahn's stake in Nuance grows to 16.9 pct.

Sep 01, 2013

Billionaire investor Carl Icahn has raised his stake in Nuance Communications over the past month to almost 17 percent, nearing a threshold that would trigger defensive mechanisms to thwart a hostile takeover.

Judge won't fast-track Icahn claim against Dell

Aug 17, 2013

A Delaware judge has refused to fast-track a trial on billionaire investor Carl Icahn's (EYE'-kahn) claims that Dell Inc. directors have breached their fiduciary duties in scheduling a vote on founder and CEO Michael Dell's ...

Report: Icahn backing away from Dell bid

Apr 19, 2013

According to a published report, billionaire investor Carl Icahn is unlikely to follow through on a preliminary offer to acquire Dell, becoming the second suitor to revise views of the company after reports showed a staggering ...

Southeastern takes 12 pct stake in News Corp.

Sep 11, 2013

Southeastern Asset Management Inc., the investment firm that along with activist investor Carl Icahn opposed the proposed buyout of Dell Inc., disclosed that it has taken a nearly 12 percent stake in News Corp.

Recommended for you

Apple's freshly sliced shares climb

2 hours ago

Freshly split Apple shares closed at a high on Tuesday, with investors evidently betting the California company will debut popular new gadgets, perhaps a smart watch and an iPhone 6.

Google buys travel guide app startup Jetpac

Aug 18, 2014

Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram.

User comments : 0