|[August 18, 2014]
Nuance Amends Stockholder Rights Plan
BURLINGTON, Mass. --(Business Wire)--
Nuance Communications (News - Alert), Inc. (NASDAQ: NUAN) today announced that its
Board of Directors has approved an amendment to the Company's
stockholder rights plan (the "Rights Plan"), which was scheduled to
expire on August 19, 2014. The amendment extends the expiration date of
the Rights Plan until August 19, 2015, unless redeemed earlier by the
Company as provided for in the Rights Plan.
The Rights Plan allows the Board of Directors additional time to
evaluate all available alternatives and preserves the Company's ability
to implement management's strategic plan in order to maximize the
long-term value of the Company for all stockholders.
About Nuance Communications, Inc.
Nuance is a leading provider of voice and language solutions for
businesses and consumers around the world. Its technologies,
applications and services make the user experience more compelling by
transforming the way people interact with information and how they
create, share and use documents. Every day, millions of users and
thousands of businessesexperience Nuance's proven applications and
professional services. For more information, please visit: nuance.com.
Nuance and the Nuance logo are trademarks or registered trademarks of
Nuance Communications, Inc. or its subsidiaries in the United States of
America and/or other countries. All other company names or product names
may be the trademarks of their respective owners.
Safe Harbor and Forward-Looking Statements
Statements in this document regarding Nuance management's future
expectations, beliefs, goals, plans or prospects constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Any statements that are not statements of
historical fact (including statements containing the words "believes,"
"plans," "anticipates," "expects," or "estimates" or similar
expressions) should also be considered to be forward-looking statements.
There are a number of important factors that could cause actual results
or events to differ materially from those indicated by such
forward-looking statements, including: fluctuations in demand for
Nuance's existing and future products; economic conditions in the United
States and abroad; Nuance's ability to control and successfully manage
its expenses and cash position; the effects of competition, including
pricing pressure; possible defects in Nuance's products and
technologies; and the other factors described in Nuance's annual report
on Form 10-K for the fiscal year ended September 30, 2013 and quarterly
report on Form 10-Q for the fiscal quarter ended June 30, 2014 filed
with the Securities and Exchange Commission. Nuance disclaims any
obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
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