Icahn Gets 2 Picks On Nuance Board, Predicts Stock Jump

Law360, New York (October 8, 2013, 10:57 AM EDT) -- After months of speculation over whether Nuance Communications Inc. would cede a board seat to activist investor Carl Icahn, the software company on Tuesday said it had appointed the billionaire's son and another of his picks as independent directors.

In exchange for two director slots, expanding Nuance's board from nine to 11 seats, Icahn and his affiliated funds agreed to throw their weight behind the Massachusetts company's slate of director nominees at next year's annual meeting. The New York activist investor, who owns 16.7 percent of...
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