Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 140
(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:
Republicans push Obamacare tax credit alternatives as enrollment deadline looms
Multifamily housing leads CRE bid competition in October
Best Buy hikes sales forecast as shoppers upgrade tech, splurge on devices
A record 187 million Americans will shop this week: Here are 5 simple ways to save
Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Oracle, Live Nation, Coinbase & more
Private payroll losses accelerated in the past four weeks, ADP reports
Nvidia stock falls 4% on report Meta will use Google AI chips
Michael Burry's next 'Big Short': An inside look at his analysis showing AI is a bubble
Bessent says there's a 'very good chance' Trump names new Fed chair before Christmas
Dan Ives’ top tech picks into year-end