Thursday, 19 November 2015

Hedgies get hot under the collar over Dialog deal - part 2

So, Arrowgrass appears to have got one over rival Elliott Advisers - it's just been announced that Dialog Semiconductor's purchase of Atmel has been approved.

Here is a link to the a Reuters piece on the news, which has just broken:

http://www.reuters.com/article/2015/11/19/atmel-ma-dialog-vote-idUSFWN13E01O20151119#7vIKaCmaD7MMmPzZ.97

I can imagine the managers round at Elliott - who had a disclosed short position in Atmel and were pushing for the Dialog acquisition to be scrapped - must be fuming...
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