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:

Hedgies get hot under the collar over Dialog deal

It sounds like there is an almighty dusty up brewing between some of Britain and America's top hedge funds.

The potential row is over Dialog Semiconductor's takeover of US rival Atmel for $4.6 billion.