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Frequently Asked Questions

Question:  In a hostile takeover situation, if the seller refuses to give...before actually buying the company?

Date Added:  3/1/2012 3:24:15 PM Hits:  588
Last Revised:  3/1/2012 3:24:15 PM Vote: 
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Answer
Q: In a hostile takeover situation, if the seller refuses to give notice, should the buyer give notice before actually buying the company?

A: Yes. The buyer is responsible for providing notice for any covered plant closing or mass layoff that occurs after the sale. The practical problem is that the buyer is not the employer at the time notice must be given. If the seller does not cooperate, the buyer may not know the names and addresses of everyone who will be affected so that it can give individual notice. However, written notice is still required.


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