And over the past two weeks, Future of Wealth Head Trader Lance Ippolito has seen tons of call buying in Nuance Communications Inc. (Nasdaq: NUAN), a name seen frequently on his Weekly Blitz Alerts Daily Market Color.
Then, over the weekend… Boom!
As of Monday, April 12, the company has been bought by tech giant Microsoft Corp. (Nasdaq: MSFT). So today I thought I’d let Lance explain what this takeover means for us and how we can stay ahead… and safe!
Microsoft Buys Nuance: A Deep Dive
First things first… For those unfamiliar with the name, Nuance is a technology company specializing in voice recognition. Much of its sales are made in the healthcare markets.
Microsoft bought Nuance at $56 per share, totalling about $16 billion ($19 billion including debt). That was 23% above the asking price at Friday’s close.