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The Silex (ASX:SLX) share price rocketed 24% on Thursday

The Silex (ASX:SLX) share price rocketed 24% on Thursday
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4DS Memory (ASX:4DS) share price up 7% on Thursday

4DS Memory (ASX:4DS) share price up 7% on Thursday
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.

GE Hitachi sells off stake in GLE business, has job openings

GE Hitachi sells off stake in GLE business, has job openings
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GE Hitachi, Silex receive federal approvals for restructure of GLE business venture

By Christina Haley O Neal, posted Jan 22, 2021 Key U.S. government approvals were recently reached in a business restructure that will result in Wilmington-based GE Hitachi Nuclear Energy selling off its majority share of the Global Laser Enrichment business, according to a news release. The three companies involved in the Global Laser Enrichment (GLE) restructure and transaction are working on finalizing agreements and the transaction for the business, stated the release. With the necessary approvals having been received it is anticipated the transaction will be completed in the coming weeks, said Jon Allen, spokesman for GE Hitachi, said in an email Friday.

Why is the Silex (ASX:SLX) share price sliding 8% today on positive news?

Why is the Silex (ASX:SLX) share price sliding 8% today on positive news? Aaron Teboneras | January 18, 2021 4:04pm | More on: 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?

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