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Nuance Gains as Icahn Builds Stake in Software Maker
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Nuance Communications Inc. shares rose after billionaire investor Carl Icahn added to his stake in the speech-recognition software developer.
The stock gained 1.2 percent to $19.33 at the close in New York, and earlier touched $19.50, the highest intraday price since May. Icahn holds about 16 percent of the shares, according to a regulatory filing today, more than the 9.3 percent stake he revealed in April.