Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 390
(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:
How Democrats will try to end Trump's tariffs
31-year-old dumpster diver brought in $140,000 in 12 months: I 'did much more than I thought was possible'
These five stock groups could rally after Democrats' midterms sweep, analysts say
Poppi founders are going after PepsiCo's Gatorade with new beverage startup Jetty
Here are the 2 big things we're watching in the stock market in the week ahead
In search of the most beautiful, the most perfect calendar
Movie: Return of the Living Dead Part II
Dead-End Job: Limited Series: Full First Season
The Great British Bake Off: Free From Party Week
Cupertino: Celeste