Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 277
(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:
Silo: Whatever You Do, Don't Go Home Show Only
Tell me of your cold noodle recipes
Does crypto make your portfolio less risky? Only if you do it right, experts say
Maine Democratic delegates choose Troy Jackson as new nominee to face U.S. Sen. Susan Collins
Trump sued hours after new tariffs take effect, as experts say they may not hold up
Jim Cramer's top 10 things to watch in the stock market Tuesday
Iran hosts Hormuz calls with Saudi Arabia, Oman as Trump hails ‘good talks’
Supreme Court approval hits record low as Republicans' support declines
Trump: New tariffs 'doing the same thing' as the ones struck down by Supreme Court
Shein says it's under investigation by the Federal Trade Commission as it prepares for Hong Kong IPO