Betaville

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.

Elliott Advisors, the punchy US activist fund with a plush UK office in Mayfair, London has built up a position in Dialog of over 5pc and has been urging investors to vote against the Atmel takeover at a shareholder meeting due to take place on November 19...