NEW YORK -- David Zirin, the chief operating officer of Pentwater Capital Management, one of the largest shareholders of U.S. Steel, said on Thursday that the U.S. company still supports Nippon Steel's bid to buy the steelmaker.
The statement to back the Japanese company's bid to buy the iconic American steelmaker came as U.S. President Joe Biden expressed his desire that U.S. Steel remain American-owned.
