Canadian Company Acquired, Employees Not Informed
Post date: 2020-10-21 01:51:26
Views: 340
(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:
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Trading platform Webull's China ties create national security risk, congressional panel finds; stock drops 18%
Trump awarding medals to Musk, Dell, Nadella and other tech execs at science summit
The IRS is paying closer attention to funds that aim to slash taxes. What could be next for investors
Slow Horses: Lost and Found
Kill Jackie: Season 1
The Great British Bake Off: Biscuit Week
Line of Fire: A Bigger Picture
Elon Musk blames Indian 'oligarchs' for stalling Starlink launch
Stock futures are little changed after S&P 500 retreats from record: Live updates