Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 320
(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:
Top Wall Street analysts recommend these 3 dividend stocks for higher returns
Debt relief vs. credit counseling: Which is better?
Jim Cramer questions Anthropic CEO's slowdown manifesto and puts forth an action plan
China's Xi urges BRICS nations to work towards peace in the Middle East
Movie: Lethal Weapon 4
Movie: Lethal Weapon 2
Movie: Hope
Did Jack pay a bribe to the police officer?
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
In pictures: The U.S. commemorates the 25th anniversary of 9/11