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Nuance to sell 5.6M shares of stock in offering

By Associated Press

June 4, 2008

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Speech and imaging software maker Nuance Communications Inc. said Wednesday it agreed to sell 5.6 million shares of stock in a public offering.

Nuance said it also granted underwriters a 30-day option to buy up to another 836,250 shares. Thomas Weisel Partners LLC is acting as the sole underwriter for the offering.

As of April 30, Nuance had about 211.5 million shares outstanding.

The company said it will use proceeds for general corporate purposes, including working capital and to fund investments and acquisitions.

The offering is expected to close on or about June 10.

Nuance shares fell 66 cents, or 3.5 percent, to $18.14 in after-hours trading. During regular trading, shares rose 7 cents to close at $18.80.

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