Business
Why is the Silex (ASX:SLX) share price sliding 8% today on positive news?
The Silex Systems Ltd (ASX: SLX) share price is sliding lower today on news the United States government has approved the restructure of GE-Hitachi Global Laser Enrichment (GLE).
At the time of writing, the nuclear energy technology developer’s shares are down 8.75% to $1.46.
The Silex share price has fallen today, despite the positive announcement. Could the share sell-down be due to investors already factoring in the outcome, which was first revealed on 8 January?
What’s driving the Silex share price today?
In today’s release, Silex advised it has formally received notice from the US Treasury Department Committee on Foreign Investment in the United States (CFIUS) to approve the transaction to restructure GLE.
The notice…
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