UPDATE 1-U.S. fund Elliott says Hitachi offer for Ansaldo shares is too low
February 01, 2016 at 15:17 PM EST
MILAN, Feb 1 (Reuters) - U.S. investment fund Elliott said on Monday that it considered Hitachi's offer to buy out minority shareholders in Italian train signalling group Ansaldo STS as too low and does not intend to sell its stake, drawing strong criticism from the Japanese company.