Business

Mass. Movers

Carl Icahn may seek to join Nuance board

Paul A. Ricci is the chief executive of Nuance.
Dan Lamont
Paul A. Ricci is the chief executive of Nuance.

Shares of Burlington-based Nuance Communications Inc. rose after billionaire and activist investor Carl Icahn revealed in a regulatory filing that he has raised his beneficial ownership in the speech-recognition software maker. Icahn may attempt to seek board seats for himself and his nominees. Nuance recently adopted a shareholder rights plan. The “poison pill” was put in place after Icahn boosted his beneficial ownership in Nuance to 16.03 percent earlier in the month.

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