Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 379
(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:
Kylian Mbappé faces China backlash as sponsors cut ties over viral meme
Wednesday's big stock stories: What’s likely to move the market in the next trading session
Amazon's anti-tokenmaxxing memo says engineers should be pickier about using AI
How investors can position ahead of the Fed's next policy decision
SK Hynix shares jump 11% after record quarterly profit, outperforming broader market
Art and other things in cans
Neighbour/community simulators?
Tengo una pregunta para hablantes de español
Treasury Department announces new Series I bond rate of 5.51% for the next six months
The Diplomat: Special Envoy