UPDATE 1-Investor Elliott Advisors backs hostile bid by Melrose for Britain's GKN
March 23, 2018 at 11:38 AM EDT
LONDON, March 23 (Reuters) - GKN shareholder Elliott Advisors said on Friday it backed a 7.8 billion pound ($11.05 billion) bid by Melrose for the British engineer, as the clock ticks down to next week's deadline for investors to decide on the hostile takeover.