Wednesday, 20 August 2014
Last updated 5 hours ago
Sep 4 2013 | 11:06am ET
When Carl Icahn and Apple Inc. CEO Tim Cook sit down to dine this month, the electronics company's dividend may not be the only matter on the table.
Icahn has increased his stake in Nuance Communications to 16.9%, raising speculation that he may push Apple to make a play for the speech-recognition software company. Apple and Nuance are no strangers to one another, with the former having used some of the latter's technology to develop its Siri voice-activated personal assistant.
Icahn's Nuance purchases bring him near the 20% ownership level that would activate the company's poison pill provision.
Separately, Icahn will also slash his investment in organic-products maker Hain Celestial Group, the company said yesterday. Icahn currently owns more than 15% of the company; after the sale, he'll own about 7.5%.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note