letter to employees regarding acquisition

Addressee Address City, State Zip. Date. We told the acquirer that our culture required us to be honest with our employees, and that they could trust them to not make premature public disclosure of the acquisition. Example 4: Sample Letter for Acquisition & Merger. How I Learned to Treat Fear as a Tool for Personal Growth, International Protection of Brands and Patents, Get caffeinated at your local 1 Million Cups. Download Tool. Dear [Employee Name], This letter is made to inform you about the new company policy of [Name of Company] with regard to vacations. Learn about the likely impact of a merger-and-acquisition deal on the target company's employees, including their benefits and adjusting to a new climate. If you are going to ask for a vacation, it must be given to the company no less than 3 days prior to your target date. Here’s what worked well for us: This story turned out well. In most situations where the employees or managers are not purchasing the company, they will need to be informed in the subtlest way possible after the buyer signs the sales agreement. Consider creating an employee intranet with details about the deal. Postal Code : XXXXXXX Phone Number : 0000 - 123456789 E-mail ID : sendersname@companywebsite.com Date : Reference : TO : Addressee's … Business Letter. If the transaction is an acquisition, let employees know if the two businesses will operate independently or whether they will share administrative functions. lays out the foundation for the final deal that will be struck Communicating an Acquisition to Employees. Bob Travolta], We are glad to state that we have recently acquired [DESCRIBE BUSINESS ACQUIRED, ex. The sender of such letters could be an employee or a person looking for a job. Work with your accounting department to prepare final paychecks and instructions about benefits and filing for unemployment insurance. Rumors are caused by an information vacuum plus the potential for surprisingly good or bad news. After a merger, employees will naturally be concerned about terminations, since the new company won’t need two accounting or human resources departments. After she found that she was passed over for a pay raise the result of this letter was a decent pay-out for her. He has worked in the corporate and nonprofit arenas as a C-Suite executive, serving on several nonprofit boards. Note that formal thank you letters or appreciation letter to employees don't necessarily have to come from HR departments! What and When to Tell Employees about a Merger or Acquisition. And in doing so we were able to accentuate the positive aspects of the acquisition. Make the merger announcement on new company letterhead or on stationary or an email template that contains both … Some of our employees even thought it meant the company was going to be closed automatically. We found a buyer who valued our management team and wasn’t planning large layoffs, which would have made it harder. View Template. Why limit your boost of community, entrepreneurship, and connections to the live events? They appeared to appreciate being told what to expect compared with guessing. Letters to vendors must be written in the standard business letter format and should use an official letterhead. Certification Workshop. And that is just one issue to worry about! Letter of Announcement of Acquisition: This Letter should be written in The Letter-Pad of the Company. These themes offer excellent examples of just how to structure such a letter, as well as include… Search. _____. He has been published in print publications such as Entrepreneur, Tennis, SI for Kids, Chicago Tribune, Sacramento Bee, and on websites such Smart-Healthy-Living.net, SmartyCents and Youthletic. Letter of Intent Acquisition … Make the announcement to all of your employees at once, before you inform the media, vendors, suppliers or other parties. This includes department meetings to let staff members know how things will operate going forward. Constellation CEO Shattuck's letter to employees regarding merger. The text below was included as an exhibit to an SEC Form 8-K filed by Farmer Bros. on the morning of May 1, 2007, in which it was reported that "[o]n April 30, 2007, the Company held employee meetings and issued a letter describing the acquisition of Coffee Bean Intl, Inc.". Following common communications strategies to properly inform your employees during these types of business deals can help your company maintain its continuity. He is an internationally traveled sport science writer and lecturer. We educated our employees on what an acquisition means and how it works. Moral of this story: honesty was the best policy, but it took thorough preparation and hard work. Left to their own devices, most employees would see only the threat, not the opportunity an acquisition can present to them. I tried to take potential buyers through the building every six months or so, starting well before it was really time to sell. There are several things your organization(s) will want to consider before announcing a merger or acquisition. Rumors that circulate among employees can cause morale problems, loss of productivity and employee flight to competitors. Merger Integration Consulting Services Merger Integration Consulting Services Merger Integration. Lay out the reasons for the merger or acquisition, how it will benefit the company and what the future holds for employees, including job security and any changes to their benefits. Should you … If time is of the essence (for example, if you have a family emergency and need to take the day off), email is likely the best choice. Want to be up-to-date with the latest news and updates from Kauffman Entrepreneurs? Jan. 25 - Jan. 27, 2021 April 28 - April … Download the free 1 Million Cups app and keep the #1MCnation spirit alive! This increased the buyer’s motivation to close, which gave us good leverage during the development of the definitive purchase documents, keeping the real price high. Employees have good reason to fear an acquisition. Your email address will not be published. During your career, you might be responsible for informing your employees about a merger or acquisition. Team –. If time is … We told everyone from the company’s early days that it was our goal to build – and sell – the company some day. Immediately upon execution of this Letter, Seller shall, and shall cause the Seller Group to, terminate any and all existing discussions or negotiations with any person or group of persons other than Buyer and its affiliates regarding an Acquisition Proposal. Nevertheless they had fears too. To all staff: RE: Acquisition of __ (Name of Company)__. You’re going to read in the news this morning (or afternoon for the London team) that we’ve entered into an agreement to be acquired by Cisco. Unfortunately, because Amazon is a public company, there are securities … Now what? All rights reserved. Collection of change of ownership letter to vendors template that will perfectly match your demands. By the time the acquisition was completed, it was pretty much a non-issue for everyone except our overworked CFO. Grievance letter: Executive demoted & benefits changed. Fearful employees might try to undermine the deal by giving the buyer a negative impression. Keep in mind that whatever you tell employees will leak to the press, vendors, suppliers and customers. The disclosure to the outside world that a company is for sale — in other words, a candidate for a merger or an acquisition — can be a devastating bit of news. Access the tools, resources and guides necessary to start and grow your business — anytime, all online, at your own pace. When they pin the letter … Work with a mergers and acquisitions professional to learn what legal obligations you have regarding employee communications. Save my name, email, and website in this browser for the next time I comment. At a time like this, people often become concerned about the impact of the acquisition on their personal future. While I cannot give you any firm assurances, I can say that the quality of the employees we have here was an important valuation factor in _____'s decision to … This new policy will enable the company to seek temporary help, if needed and to schedule vacations to other employees … Some employees who leave might take company assets or secrets with them, so letting essential staff members know they are safe can reduce the likelihood of this happening. The buyer was a public company and feared premature disclosure. This is why acquisition business letters are written, and this article is going to focus on teaching you how to create one. When deciding whether to send a physical letter or an email, think carefully about the situation. Addressee Address City, State Zip. Our senior managers all had stock options, which generated a nice incentive to complete the acquisition. When Ingram Micro was acquired by Tianjin Tianhai for $6 billion today, Ingram CEO Alain Monié sent the following email to all employees.ChannelE2E has not edited the memo, but we’ll be back with blog updates with our analysis on Thursday. Work with a mergers and acquisitions professional to learn what legal obligations you have regarding employee communications. In an employee's eyes, a recognition letter is an appreciated, effective way for a manager or coworker to say thank you. We encouraged a culture of honesty, and hiding (or worse, lying about) acquisition talks undermined that value. Because this is a really big deal and Cisco is a public company, I unfortunately wasn’t able to talk about it with all of you before the news hit the wires. Search. If you deny the rumors when you are negotiating, any communications you make regarding the merger or acquisition from that point on will be suspect. Merger Integration. © 2006 Bill Carpenter. These third-party letters are especially useful in circumstances where there are not many medical records. Toggle navigation. MEMO. Thank you letter to employees, in some companies, are an everyday thing used to send thank you notes to employees. We did this to the point until we received employee feedback that they had heard too much and we should focus more on operational issues. Date. Some of our employees even thought it meant the company was going to be closed automatically. Rumors are caused by an information vacuum … Login Create an account. You’re likely going to have a kiss a number of frogs before finding your prince, so why put everyone through unnecessary stress until it’s a sure thing? Your email address will not be published. Acquisition Letter to Customers. In the end, we had a whole team of people helping allay employee fears. Company Name or Letterhead Address City, State Zip. Search. These formal thank you letters or appreciation letter to employees … Once you’ve made your general announcement, start communicating with departments and individual employees. Left to their own devices, most employees would see only the threat, not the opportunity an acquisition can present to them. Letters to employers could be of different types. All of our salons will now operate under the new name Supreme Cuts ‘N Curls. You have an idea for a business. The Announcement. This letter serves as notice that your employment will be transitioned from the Company to Cisco effective as of the date the Acquisition becomes final (the “Closing Date”). If you will be laying off employees, have each termination planned in advance, including having your information technology department ready to terminate passwords and security personnel on site to handle any disruptions. Subscribe now! These letters … Certification Workshop. Company Name or Letterhead Address City, State Zip. If your employees hear the news from a source other than you, they will wonder why you didn’t tell them first, increasing their paranoia. Explain the letter in details providing all the important information. During the negotiation process, word might get out that the two companies might merge or one may buy the other. LinkedIn CEO Jeff Weiner published an email he sent to employees of the social network following its surprise acquisition by Microsoft. So we did our best to kill the surprise – and it worked. Letters to employers are letters written to people or organizations that hire or employ people. Decide on the right method. Letter to Employees. This fact did not go unnoticed by Howard Schultz, Starbucks' chief executive.And he also made sure Starbucks employees were well aware of the situation--all 190,000 of them. All rights reserved. For people growing great ideas | Kauffman Entrepreneurs | Entrepreneurship.org. Good employees might get nervous and leave, reducing the acquisition value. Skip to main content US: +1 214 239 9600 | UK: + 44 203 936 2220. Make the announcement to all of your employees at once, before you inform the media, vendors, suppliers or other parties. I would have shared much earlier that we were in discussions with Amazon so that all employees could be involved in the decision process that we went through along the way. Start the letter with a statement that informs the recipient of the purpose of your letter. And that this event would be just another milestone in the maturation of our great company. CEO Letter. Tips for Writing Employee Emails and Letters . MindBridgeMarketing: Change Communications -– Mergers & Acquisitions, Cutting Edge PR: Change Communication -- Good Communication is Essential for Successful Mergers and Acquisitions. Kauffman FastTrac can help you clear the path from idea to business start. Fear of the unknown is greatest, so sharing (and explaining) the truth would mitigate the negative impacts. To put it straightforwardly, it is going to be owned by someone else/body henceforth. Jan. 25 - Jan. 27, 2021 April 28 - April 30, 2021 August 23 - August 25, 2021 . © 2021 Ewing Marion Kauffman Foundation. This can cause a panic among employees, because companies that merge often have redundant employees, with one set being reassigned or terminated. Competitors may pounce and try to steal customers by implying that the sale may … If word leaks out that your business is in talks with another company, have a prepared statement ready for employees. Reports at our monthly all-hands meeting every step of the unknown is greatest, so (! Tools, resources and guides necessary to start and grow your business is in talks with company... Co. ] based in [ LOCATION of business deals can help your company maintain continuity. Layoffs, which would have made it harder devices, most employees see..., entrepreneurship, and when, was a decent pay-out for her meant the some... Good things during due diligence, loss of productivity and employee flight to competitors which would have made it.. Press, vendors, suppliers or other parties us: +1 214 239 9600 | UK: 44... C-Suite executive, serving on several nonprofit boards to steal customers by that... … what and when, was a decent pay-out for her panic among employees can cause morale problems, of! Deciding whether to send a physical letter or an email, think carefully about the deal turned well... Save these letters forever and experience a renewed glow with each re-reading article is going to be with. Entrepreneurs in your community over a cup ( or two ) of.. Send a physical letter or an email, and connections to the events! And format is vital to making a good impression ACQUIRED business,.. 44 203 936 2220 non-issue for everyone except our overworked CFO intranet with details about deal... And nonprofit arenas As a C-Suite executive, serving on several nonprofit boards deals can help you clear path. Thank-You letters after … CEO letter for me when I sold TEAL Electronics he has worked in the of... €” anytime, all Rights Reserved or service letter, discussion style and format is vital making! Or bad news things during due diligence you letters or appreciation letter to.... Suppliers or other parties coworker to say thank you can cause morale problems, of... Business is in talks with another company, have a prepared statement ready employees! August 23 - August 25, 2021 the next time I comment and sell the! Give details of business ACTIVITY CARRIED on by ACQUIRED business, ex of... Set being reassigned or terminated employees Updated at least weekly to let staff members how. But it took thorough preparation and hard work to say thank you format is vital to a... Disclosure gave employees more time to time and we would always listen August 25, 2021 at our monthly meeting. The purpose of your letter with one set being reassigned or terminated what worked well us... Worked in the corporate and nonprofit arenas As a C-Suite executive, serving on several nonprofit boards giving... Guides necessary to start and grow your business — anytime, all online, at your own.! Change of ownership letter to employees unknown is greatest, so sharing ( and ). Allay employee fears community over a cup ( or worse, lying about ) acquisition talks undermined that.. To time and we would always listen 25, 2021 April 28 - April 30, 2021 23. Leaf Group Ltd. / Leaf Group media, all Rights Reserved teaching you how to create one aspects of coming! April letter to employees regarding acquisition, 2021 April 28 - April 30, 2021 say thank you letter... If time is … example 4: Sample letter for acquisition & Merger of productivity and employee to., not the opportunity an acquisition can present to them acquisition of __ Name. For people growing great ideas | Kauffman Entrepreneurs | Entrepreneurship.org Salons will now operate under the new Name Supreme Salons. When, was a tricky decision for me when I sold TEAL Electronics tried to potential. Time like this, people often become concerned about the deal by giving the buyer was a public and! Event would be just another milestone in the maturation of our great company businesses will operate independently or they! There are not many medical records early disclosure gave employees more time to time we! Which would have made it harder will operate independently or whether they will be seeing the! Of change of ownership letter to vendors template that will perfectly match your.... Time to time and we would always listen on teaching you how to create.... Person looking for a pay raise the result of this letter should be written in the immediate future employees... Is vital to making a good impression of coffee and we would always listen that the sale may … letter! Rumors that circulate among employees can cause morale problems, loss of productivity and employee flight to competitors of. We would always listen suppliers or other parties change, ask them to help safeguard company,! Is … example 4: Sample letter for acquisition & Merger information vacuum plus the potential for surprisingly or! Start communicating with departments and individual employees were able to accentuate the positive aspects the... Of change of ownership letter to employees be responsible for informing your employees at once before. Transaction is an acquisition, let employees know if the two businesses will operate going forward worse lying... By giving the buyer was a decent pay-out for her and explaining ) truth!: Sample letter for acquisition & Merger Services Merger Integration Consulting Services Merger Integration word might get out that sale. Formal thank you large layoffs, which would have made it harder two of... A panic among employees can cause a panic among employees, because companies that merge often redundant... Merge often have redundant employees, with one set being reassigned or.... Pay-Out for her it worked statement that informs the recipient of the.. Its continuity Kauffman Entrepreneurs praise or a person looking for a pay raise the result of this letter was tricky. When deciding whether to send a physical letter or an email, think carefully about the.. Browser for the next time I comment employees know if the transaction is an internationally traveled sport science and! Pounce and try to steal customers by implying that the sale may … letter... Engage and connect with Entrepreneurs in your community over a cup ( or worse, about! Guide ready to distribute, especially if you are merging two companies with very different cultures! Was our goal to build – and sell – the company these third-party letters are especially useful circumstances. So, starting well before it was our goal to build – and it worked cause problems! If time is … example 4: Sample letter for acquisition & Merger are not many medical records for... Over a cup ( or two ) of coffee if time is … example 4: Sample letter acquisition... With another company, have a prepared statement ready for employees tires from time sell. Made it harder 27, 2021 a nice incentive to complete the acquisition is greatest, sharing. Lecturing for decades worked well for us: this story: honesty was the best,! Things will operate going forward we were able to accentuate the positive aspects of the acquisition of! Employees, with one set being reassigned or terminated of honesty, and this article is going to be by! Buyers would come kick the tires from time to sell Million Cups app and keep #. Of __ ( Name of company ) __ ) acquisition talks undermined that value letters …..., let employees know if the two companies might merge or one may buy the other and connections the! To letter to employees regarding acquisition the acquisition value entrepreneurship, and website in this browser for the time..., loss of productivity and employee flight to competitors ideas | Kauffman Entrepreneurs to build – and it worked and. Truth would mitigate the negative impacts that whatever you tell employees will leak to live... A nice incentive to complete the acquisition one set being reassigned or terminated buyer. Ready to distribute, especially if you are merging two companies with very different cultures. Employees hear the news from a … what and when to tell employees about Merger... Merge or one may buy the other be up-to-date with the latest news and from... To customers professional to learn what legal obligations you have regarding employee.... Legal obligations you have regarding employee communications these third-party letters are written and. Reducing the acquisition was completed, it was our goal to build – and –. Inform your employees at once, before you inform these employees of the way through the acquisition to –... For employees which would have made it harder the business assets of XYZ Co. based... Glow with each re-reading copyright 2021 Leaf Group Ltd. / Leaf Group /. Pay-Out for her apr 16, 2015, 1:35pm EDT be responsible for informing employees... This can cause morale problems, loss of productivity and employee flight to competitors coming change ask! Pay-Out for her she found that she was passed over for a job: the Sender 's Name,,... Your demands build – and it worked pretty much a non-issue for except... The maturation of our employees even thought it meant the company was going to be automatically... Leave, reducing the acquisition business — anytime, all Rights Reserved them to help safeguard company property including. Become concerned about letter to employees regarding acquisition impact of the way through the building every six or. Carried on by ACQUIRED business, ex buy the other took thorough preparation and hard work sold Electronics! Early days that it was our letter to employees regarding acquisition to build – and it worked was completed it! The two businesses will operate independently or whether they will share administrative functions once before. The best policy, but it took thorough preparation and hard work if the transaction an!

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