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Voluntary turnover is common when individuals feel their future-fit in an organization uncertain. This will give employees enough time to absorb this stressful news and decide what to do without potentially losing their job right away. The acquiring company should be willing to hear employees of the target company from the outset because it is a highly stressful time for them. John Smith XYZ Inc. 1234 First Street Suite 567 Anycity, Anystate 85245] Dear Valued Customer: We are pleased to announce that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. If you tell the employee that the company is not for sale and then the company makes a sale announcement two months later, that employee will feel betrayed and her trust will be broken. Announcement of Acquisition [DATE, ex. Dear Customers, As you know, we at CyberBest Inc are always devoted to bringing the best service that we possibly can to our customers. The acquisition raises some questions about what that may mean for employees of the Pittsburgh-based Heinz company. Do not announce the sale of your business on the same day it is taking place. Your letter should be sent to the staff at least a few weeks in advance, but preferably a few months in advance. PRITCHETT Merger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. Example 4: Sample Letter for Acquisition & Merger. Every acquisition is unique, but I have found that buyers can help employees make this transition and transfer loyalties to their new company by following five mutually reinforcing principles: 1. They can also access all the presentations, playbooks, books, articles, checklists, software, assessments, webinars, research, tools, and templates on MergerIntegration.com. This is a very exciting event for both companies, for our employees and our clients. the business assets of ABC Corp.] based in [LOCATION OF BUSINESS ACQUIRED, […]Continue … What and When to Tell Employees about a Merger or Acquisition; ... revealing a sale or impending sale to employees is a delicate, critical matter. All of our salons will now operate under the new name Supreme Cuts ‘N Curls. Our greatest Wednesday, June 11, 1998] [NAME, COMPANY AND ADDRESS, ex. Dear Mrs. Hancock: Cut ‘N Curl Beauty Salons recently merged with Supreme Cuts Salons. Date. Early disclosure gave employees more time to worry and spend their time on politics instead of getting the job done. Addressee Address City, State Zip. A sale announcement will be unsettling to some employees and traumatic to others. Fearful employees might try to undermine the deal by giving the buyer a negative impression. However, this is especially true than during an acquisition. A merger or acquisition can signal a need to refresh your resume. We recently got the chance to sit down with CEO of CPU Core, one of the leading hardware distributors in the PC industry. The buyer was a public company and feared premature disclosure. In the interest of security, employees may focus on their own work with little regard for others. Employees: You have probably heard the cliché that employees are your best assets. Merger AnnounceMent August 30, 2007 To our valued and respected Clients: We are pleased to announce that effective October 1, 2007 Alton Builders will be merging with GMI Construction Services. Good employees might get nervous and leave, reducing the acquisition value. As a result, your message must be reassuring. Acquisition Announcement Letter Sample. Company Name or Letterhead Address City, State Zip. HNA Group is a multinational conglomerate with in excess of $90 billion in assets encompassing aviation, airport management, financial services, … Attached is the press release from today’s announcement along with FAQs to provide you with additional information. The time to address employee questions is before the acquisition. Merger or acquisition can signal a need to refresh your resume Subscribers can access this resource,! Instead of getting the job done interest of security, employees may focus their... Organization uncertain both companies, for our employees and our clients with CEO of CPU Core, of... Future-Fit in an organization uncertain than during an acquisition, 1998 ] [,... Recently got the chance to sit down with CEO of CPU Core, one of the leading hardware in. On the same day it is taking place announce the sale of your business on the same day it taking... Recently got the chance to sit down with CEO of CPU Core, one the. 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