Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 391
(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:
These five stock groups could rally after Democrats' midterms sweep, analysts say
Democrats amp up Trump investigation threats, Blanche counters he may probe lawmakers
Here are the 2 big things we're watching in the stock market in the week ahead
Anthropic secures $3.4 billion generator deal for AI data centers, FT reports
Top Wall Street analysts like these 3 dividend stocks for consistent income
Movie: Return of the Living Dead Part II
Yaga: Dance With The Devil
Midnight Diner: 6 (all episodes)
The Great British Bake Off: Free From Party Week
Movie: Mishima: A Life in Four Chapters