Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 144
(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:
Married millennials, here comes the crypto divorce cliff
Jim Cramer names stocks to buy in the wake of the Fed's rate cut
The Fed is the most divided it's been in more than six years
The market likes what it heard from the Fed — plus, Lilly's new $6B manufacturing investment
‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up
Teachers' union AFT slams crypto market bill, warns of 'profound risks' for America's retirement plans
Swiss government says new 15% U.S. tariff ceiling retroactive to mid-November
Trump to start final Fed chair interviews beginning with Kevin Warsh
What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings
Oracle plummets 11% on weak revenue, pushing down AI stocks like Nvidia and CoreWeave