HD Hyundai’s $1bn US shipyard bid stalls over price as rivals circle

South Korea’s HD Hyundai Group is nearing a deal to acquire a U.S. shipyard, though negotiations have hit a temporary setback over pricing, according to reports from Korean media. The company, the largest shipbuilder in South Korea, has been in advanced talks to purchase a U.S. shipyard as part of its strategy to expand its presence in the American market. However, a last-minute disagreement over valuation delayed what was expected to be an announcement in Washington, D.C., in July. The Trump administration’s push to expand the U.S. Navy and modernize…

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