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Technology Stocks : Nuance Communications, Inc.
NUAN 54.840.0%Aug 11 5:00 PM EST

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From: tnsaf12/19/2007 11:26:51 AM
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Nuance cuts offering by more than half to 7 mln shares
Wed Dec 19, 2007 7:07am EST

Dec 19 (Reuters) - Nuance Communications Inc (NUAN.O: Quote, Profile, Research), which provides speech recognition and imaging solutions, cut the size of its public offering by more than half to 7 million shares, and said the offering was priced at $17.50 per share.

In a regulatory filing, the company said it will offer about 6.8 million shares, while 227,000 shares will be offered by selling stockholders.

Nuance said it expects about $112.8 million in net proceeds, which will be used to repay debt and for general corporate purposes. (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)
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