Icahn Lifts Nuance Stake Past 10%, Stoking Shakeup Talk

Law360, New York (May 1, 2013, 12:10 PM EDT) -- Activist investor Carl Icahn increased his stake in software maker Nuance Communications Inc. to more than 10 percent late Tuesday, tightening his grip on the flagging company and raising the likelihood that he would use his influence to push for strategic change.

In the latest stock purchase, the New York billionaire padded his existing holding — which had stood at roughly 9.3 percent — to 10.27 percent, according to a filing made with the U.S. Securities and Exchange Commission. Based on Massachusetts-based Nuance’s trading price, the...
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