On August 19, 2015, Nuance Communications, a U.S.-based company that provides voice and language solutions to businesses around the world, had a shareholder rights plan (poison pill) that expired. The poison pill provision, initially adopted in response to activist pressure, allowed shareholders to purchase additional shares if any one shareholder acquired more than 20% of the outstanding shares.
On August 8, 2013, activist investor Carl Icahn filed a passive 13G, disclosing a stake increase to approximately 16% of the company's common shares, up from 11%. As of September 2, 2015, Icahn now owns 19.4% of the company.
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