Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 363
(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:
Our top 10 things to watch in the stock market Friday
Here are Friday's biggest analyst calls: Nvidia, SpaceX, CoreWeave, Deckers, Unusual Machines & more
Now is your last chance to qualify for a Southwest Companion Pass with a credit card bonus
Russia and Ukraine trade fresh strikes despite renewed push for U.S.-brokered peace talks
Moderna shares plunge after cancer vaccine data leaks — despite positive results
Special Event: Rifftrax: STREET FIGHTER
The Diplomat: Redcoats
The Lowdown: Truth's Easy
Stocks open lower as oil tops $100 amid escalating Iran tensions: Live updates
With earnings in rearview mirror, SpaceX-Tesla merger chatter takes center stage