Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 344
(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:
Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023
Trump doesn't think Russia plague incident is bioweapon, plans Putin call Wednesday
Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level
Barclays sees big haircare gains for this consumer stock as shoppers prioritize self-care
Trump trade chief Greer reports higher cash holdings as law firm pay topped $650K
Inside India newsletter: Food crisis, economic shock ahead as India braces for El Niño
Movie: Digger
Line of Fire: Pilot
Snowpiercer: Dominant Traits Rewatch
Oil gains as Middle East hostilities, potential escalation stoke supply worries