Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 282
(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:
Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings
Spain installs floating barrier in North African enclave following border rush by tens of thousands
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
How to find the bus/shuttle from Rockaway Beach BACK to the ferry?
Canada Filter: Toronto & Ottawa Next Week
Special Event: Rifftrax Shorts: Educational Credit
Movie: Spider-Man: Brand New Day
These stocks reporting next week have a history of beating expectations
Buy these stocks ahead of earnings. Bank of America says they offer plenty of upside
Buying a condo with a mortgage may soon get more complicated. Here's why