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Details sent out this morning. 1 for 8 Cerence to Nuance, shareholders as of 9/17, but "when issued" is only expected for a couple of days before October 1; October 2 regular trading.

Cerence describes itself:

"Cerence’s starting point as a standalone, public company will be as a market leader in automotive cognitive assistance solutions powering natural and intuitive interactions among automobiles, drivers, passengers, and the broader digital world. The market for automotive cognitive assistance is rapidly expanding and will grow further as vehicles become more autonomous and drivers and passengers pursue new forms of human-vehicle engagement. As an independent company, Cerence will be uniquely positioned to meet these needs with a dedicated team and capital investment strategy, building upon its track record of innovation and excellence as part of Nuance."

The linked file shows pro forma financials for the company (Cerence) after the split.

-Another Rob
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