Icahn Boosts Nuance Holdings, Cuts Hain Celestial

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%.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of