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News Breaks
August 8, 2012
12:19 EDTMODL, NUANNuance rises after refuting takeover interest in M*Modal
Nuance (NUAN), which makes voice and language solutions, is climbing after the company said in an regulatory filing that it had no plans to attempt to buy M*Modal (MODL), which provides speech and language understanding technology to the healthcare industry. In a note to investors earlier today, Wells Fargo wrote that Nuance shares had declined yesterday due to concerns that the company would make a hostile bid for M*Modal. Nuance's stock is recovering after the company said it wasn't interested in buying M*Modal, said Wells. The firm thinks that Nuance's decision is positive, as it believes that the company may have been subjected to a long antitrust probe if it decided to bid for M*Modal. Wells, which continues to believe Nuance will expand into the healthcare market organically and by acquiring companies other than M*Modal, maintained a Market Perform rating on Nuance. In early afternoon trading, Nuance rose $1.50, or 6.93%, to $23.16, while M*Modal dropped 22c, or 1.55%, to $13.97.
News For NUAN;MODL From The Last 14 Days
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September 30, 2014
12:34 EDTNUANNuance speculated for potential deal with Samsung, Globes says
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September 17, 2014
17:21 EDTNUANNuance launches Swype on the App Store
Nuance Communications announced that its Swype keyboard is now available for iPhone, iPad and iPod touch users who have downloaded iOS 8. Swype is available for a special price of 99c from the App Store.

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