Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 152
(YANML) The company that I work for has been acquired by another company (found the information here: https://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00014.html in Acquisition Notifications). This happened over 6 months ago and the employees have not been informed.

Mostly, I wonder if this is legal, but in general is this something that happens? I know that companies try to keep everything hush-hush before a merger or acquisition, but I've never heard of a company not telling its employees after the company has been acquired.

Assuming it's legal, what is (your best guess to) the reasoning behind this? Is it a common practice?
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Nine of the largest pharma companies ink deals with Trump to lower drug prices
Zelenskyy favors U.S. proposal of three-way talks if it produces results in ending war with Russia
U.S. seizes oil tanker off the coast of Venezuela
Google was at risk of losing its dominance — until it promoted this AI executive
Oracle stock jumps 7% as cloud provider joins investor group to run TikTok's U.S. business
Trump's 'Gold Card' relies on legal loophole to help wealthy foreigners get U.S. visa
Activist Ananym Capital urges LKQ to sell its European auto parts business
Here’s where the stock market is headed in 2026, according to Wall Street’s top strategists
Mortgage rewards credit cards are disappearing. Here's what to do next
Neuroscience researcher: The dopamine-boosting morning routine I use to start my day in a good mood