Nuance Rises on Report of Sale Talks With Samsung
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Nuance Communications Inc., the maker of speech-recognition software, rose the most in more than five years after reports the company is considering a sale and has talked to potential buyers including Samsung Electronics Co.
Nuance has recently spoken about a possible sale with Samsung and private-equity firms, the Wall Street Journal reported, citing unnamed people familiar with the matter. Nuance, which counts billionaire Carl Icahn as its largest shareholder, rose 9.7 percent to $18.76 at the close in New York, the biggest one-day increase since January 2009.