Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 373
(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:
Polymarket faces renewed CFTC probe over U.S. access to offshore platform
Trump administration may let more Russian diesel onto market, energy secretary tells CNBC
CNBC 2026 Workforce Executive Summit takeaways: How AI is transforming jobs, hiring, and employee benefits
Stocks making the biggest moves after hours: Visa, Robinhood, NXP, Seagate and more
SK Hynix shares jump 11% after record quarterly profit, outperforming broader market
Grand jury rejects DOJ bid to indict ex-Trump WH aide Cassidy Hutchinson: Reports
Neighbour/community simulators?
'Bad time to troll': Binance cofounder Changpeng Zhao asks Elon Musk for 'respect' after post about bitcoin hack
Movie: Ali G: Who Iz I?
Movie: The Cycle