Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 378
(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:
I just bought this pharma stock for its next generation of blockbuster drugs — and its dividend
Polymarket faces renewed CFTC probe over U.S. access to offshore platform
Trump jokes $5,000 would buy 'a hamburger and maybe a small dessert' at Mar-a-Lago as cost of living looms over midterms
Wednesday's big stock stories: What’s likely to move the market in the next trading session
Oil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries
Line of Fire: Cabin Pressure
Art and other things in cans
How should I handle my kids' "Trump accounts"?
Tengo una pregunta para hablantes de español
Movie: Absurd