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An Anonymous Coward writes:

Activist hedge fund Elliott Management Corp. is fighting Dialog Semiconductor Plc’s planned $4.6 billion purchase of Atmel Corp., calling the acquisition too expensive and too great a risk ahead of a shareholder vote this month. Elliott, in a letter to shareholders Monday, urged investors to vote against the deal, which it said will destroy Dialog’s value. The hedge fund said it controls 2.9 percent of the voting rights of the Reading, England-based chipmaker.

Consider how many tech industry companies Elliott has hounded; I could post a hyperlink avalanche, but I'll just link to The Register's tag for Elliott Management [theregister.co.uk] and say that EMC, Emulex, NetApp, Riverbed, Brocade, and many others have had a portion of stock purchased by Elliott, only to then see a nastygram regarding "shareholder value". In that context, I don't know who to root for here: Dialog, for having a chance to quash Elliott's modus operandi as an Icahn-esque activist hedge fund, or Elliott, for preventing potential harm to the Arduino program.

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