- Nuance Communications Inc (NASDAQ:NUAN) forged additional agreements with certain investors to exchange 4.2 million shares and $1.1 million in cash for $102.2 million 1% senior convertible debentures due 2035 held by the investors.
- On May 26, Nuance inked an agreement with certain investors to exchange 14.7 million shares and $4 million in cash for $354.8 million for 1% senior convertible debentures due 2035 held by the investors.
- A concurrent agreement was made with certain investors to exchange 3.2 million shares and $0.5 million in cash for $64.9 million 1.50% senior convertible debentures due 2035 held by the investors.
- Following the above swaps, Nuance holds $219.5 million in debentures outstanding.
- NUAN’s had stock gained 133% in the last year.
- Price action: NUAN shares traded lower by 0.30% at $52.61 on the last check Friday.
Element Solutions Q2 EPS $0.38 Beats $0.36 Estimate, Sales $676.90M Miss $681.90M Estimate
Element Solutions (NYSE:ESI) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. This is a 8.57 percent increase over earnings of $0.35 per share from the
