Icahn Discloses $625M Stake In Tech Co. Nuance

Law360, New York (April 2, 2013, 4:27 PM EDT) -- Activist investor Carl Icahn has acquired a roughly 9.3 percent stake in Massachusetts technology services company Nuance Communications Inc. that is currently worth more than $625 million, according to a regulatory filing Monday.

Icahn and his affiliates have purchased roughly 29.3 million common shares of Nuance, which makes speech recognition software and digital imaging technology among other products. The shares are equal to a 9.27 percent stake in the firm, according to a U.S. Securities and Exchange Commission filing by Icahn Associates Holding LLC.

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