Tuesday, 28 March 2017
Last updated 28 min 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%.