Post-closing of an M&A deal, the first major order of business is to announce the deal. As soon as the confidentiality agreement terms are exhausted, make the announcement to the employees and media as soon as possible. Unfortunately, and unavoidably, rumors of a potential sale might have spread among employees already. As a result, being prompt with releasing the news will dispel any rumors and give accurate information.
It’s Vital to Keep Employees in the Know
Employees are the cornerstone to any business, and they deserve to learn about the sale as soon as possible post-closing. First and foremost, the might want to know the identity of their business’s new owners. It is important for the buyer and seller to join together on breaking this news so all information is upfront and out in the open.
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