Nuance Communications (NUAN) Said to Have Held Talks with Samsung, PE firms About Possible Sale
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
(Updated - June 16, 2014 12:48 PM EDT)
Nuance Communications (NASDAQ: NUAN) said to have held talks with Samsung, private equity firms, according to the WSJ.
Nuance is looking to explore options for a possible sale.
The WSJ noted that activist investor Carl Icahn is one of Nuance's largest shareholders with a 19 percent stake (as of March 31st). Icahn also has two reps on the company's board of directors.
Customers for Nuance, which develops voice-powered technology used in mobile devices and for other applications, include Daimler, Nintendo, and Panasonic.
Shares of Nuance are up 7.4 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Rite Aid (RAD) Falls, Halted Amid WBA/RAD Antitrust Concerns
- Exclusive: Aon nears $4.5 billion sale of benefits outsourcing unit - sources
- Fred's (FRED) Falls, Halted on WBA/RAD Antitrust Concerns
Create E-mail Alert Related CategoriesMergers and Acquisitions, Momentum Movers, Rumors, Trader Talk
Related EntitiesCarl Icahn
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!