Billionaire activist Carl Icahn of Icahn Capital LP has filed a 13D with the US Securities and Exchange Commission, in which it reported selling shares of Nuance Communications Inc. (NASDAQ:NUAN). The filing showed that Icahn entered into a Stock Purchase Agreement with the company, under the terms of which, the investor agreed to sell around 26.32 million shares of Nuance at $19.00 per unit. Following the sale, Icahn holds some 34.47 million shares of the company, which represent 11.32% of its outstanding common stock. The agreement was signed on March 9 and is expected to be completed on March 15. Icahn has held shares of Nuance since the first quarter of 2013 and has two board seats, held by Icahn’s son Brett and David Schechter.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|High River Limited Partnership||6,893,769||0||6,893,769||0||6,893,769||2.26%|
|Icahn Partners Master Fund||11,450,787||0||11,450,787||0||11,450,787||3.76%|
|Icahn Enterprises Holdings||0||27,575,064||0||27,575,064||27,575,064||9.06%|
|Icahn Enterprises G.P. Inc||0||27,575,064||0||27,575,064||27,575,064||9.06%|
|Carl C. Icahn||0||34,468,833||0||34,468,833||34,468,833||11.32%|
|Date of Transaction Amount of Securities Price Per Share High River Limited Partnership|