All the corporate functions will get destroyed, like any merger but what about the rest of the rank and file
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All depends on who is the buyer and what the change in control (CIC) policy says. To avoid CIC severance, a buyer would probably operate like a subsidiary for a period of time. Then, it's fair game to absorb the employees they want and start releasing the ones they don't. It's usually a two year period after the close. But, no one will want to do this before we sell everything off. Once we are a pure play, then the ballgame changes.