Nuance Communications, Inc. (NUAN) said that its board of directors has approved an amendment to the company´s stockholder 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.
Nuance is a 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,ms of users and thousands of businesses experience Nuance´s proven applications and professional services. For more information, visit: nuance.com.