Reijmer/Russell on M&A Directions: Can We Talk? Not Necessarily

Announcing the Completed Transaction

New Direction Partners usually advises sellers against disclosing anything to the workforce at large until the last minute—the point at which the deal is fully and finally closed. This is recommended not in order to keep people in the dark, but to head off anxiety-driven behaviors that could undermine the deal: for example, resignations by key personnel reacting badly to the knowledge that the company was in the process of being sold.