Example 5: Example Letter of Merger & Change of Ownership. Dear Mr. Peterson, This letter is to confirm the mutual intent of a merger between the Dye and Patkins Loan Company and Vincent Industries. We hold similar values and philosophies on do- ing business: producing an excellent job for the client, an emphasis on honesty and integrity, and the importance of bringing a positive attitude to work. An acquisition is when one company buys or takes over another and a merger is when two companies agree to combine.. During the due diligence process of a merger, the acquiring company must consider employees' reactions when deciding to what extent and how to continue the seller's benefit programs, because integrating employees is an important consideration during a merger. Treat the confidentiality clause in the confidentiality agreement very seriously. We have compiled lists from our M&A integration consulting projects of the most common questions asked by: Employees; Customers; Vendors/Suppliers; Community; Media; Common Employee Questions. As the company announced the shocking news that it's to buy Nokia's devices and services division, outgoing Microsoft CEO Steve Ballmer sent a letter to Microsoft employees … During a transition there are always more questions than answers, and I appreciate your ability to stay focused and productive in spite of … In the case of any major company change or upheaval, it’s an engagement gap that can’t be avoided, and is much more pronounced when employees are directly affected by the fallout. Constellation Energy Group Inc. CEO Mayo A. Shattuck III sent the following letter to employees Thursday on the proposed merger between the … Key Elements of Company Merger Success . ... that the combination of our two companies represents a uniquely attractive opportunity to your management team and employees. The filing also included a copy of the company's press release which had been distributed the previous day: I love what I do, working with all of you, shipping incredible … Some people - including me - don't believe in mergers: whenever two companies combine, one is always taking the other one over, in effect. It gives them a sense of having an upper-hand, yet, the fears of mergers cannot be neglected. The news that a company is for sale can cause key people to begin looking for work elsewhere. Integrating two companies is tough, and I recognize that many of you have put in significant additional effort to help the two companies begin operating as one. The uncertainty resulting from a merger or acquisition can increase stress levels and signal risk to target company employees. Think about it: How much harm can come from your competitors finding out that your company is so successful that you’re exploring making acquisitions? Whatever the reason for your writing, the letter must be formal and professional. Our companies have worked together frequently in the past, and we are longtime personal friends. Date. Sign the letter and provide your contact details. If you send your cover letter as an accessory, you could send it as either a PDF data or Word document. And does this asset align with our core business and overall sense of purpose? What and When to Tell Employees about a Merger or Acquisition. State the purpose of the letter. As a Seller, you do not want to upset your employees before you even know the certain fate of your company, that’s why it is always best to keep your decision to sell confidential until the business has closed. It is also important to wait on telling your employees until the business has closed because it is possible that your business may take longer than you expected to sell, or may not sell at all. This mindset is also necessary if we want to see ourselves increasingly as a technology company. Companies combine to cut costs, get access to really good people or products, or to reduce competition by 'eating' a competitor (this can be illegal). If employees find out that their employer is for sale, they may get twitchy and nervous. Recognizing your employees’ work will make them feel good about themselves and motivate them for future work. A sure way to scuttle a potential deal is for Buyer to talk about it with people who aren’t part of the process. To all staff: RE: Acquisition of __ (Name of Company)__. 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. But they can also be stressful when you have to figure out how to write a letter to announce said merger or acquisition to your clients.. 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. Acknowledge pride. I would like to assure you that it is business as usual at Ingram Micro and very little, if anything, is expected to change as a result of this merger. Decide on the right method. Case in point, Aon Hewitt found that the top drivers of engagement within an organization shift considerably during mergers and acquisitions, reflecting the changing priorities of employees: Company Merger Letter To Employees For Your Needs. Share past memories and allow employees to take part to say goodbye before moving on. Company Merger Letter To Employees For Your Needs, Cam Reconciliation Letter Template For Your Needs, Letter Of Recommendation Writing Collection, Letter Of Recommendation From Professor Collection, Marriage Fitness Apology Letter Collection, Template For Fundraising Letter For Your Needs, Sample Letter For Vacation Leave For Your Needs, Acknowledgement Letter For Receiving Money For Your Needs, Cover Letter For Recent College Graduate With No Experience Collection, Proper Format For Business Letter Collection, Thank You Letter After Getting The Job Database, Online Application Cover Letter Collection. In the Ottawa Citizen online article "Managing post-merger consolidation," human resources guru Jeffrey Sonnenfeld says: "Take at least as much time as you spend with your financial analysts and spend it with your employees. Many companies list these guidelines on their Website. Some people - including me - don't believe in mergers: whenever two companies combine, one is always taking the other one over, in effect. Loose lips sink ships. In a recent merger, the communications team and the integration-management office (IMO) reviewed a checklist of all possible merger milestones and quickly identified the most relevant ones. Company Name or Letterhead Address City, State Zip. Addressee Address City, State Zip. Company Merger Letter To Employees Source: itlever.files.wordpress.com Make certain your cover letter includes these three things Lots of jobs ask you to submit a cover letter along with your other application materials, yet also if a cover letter is optional, you could take the opportunity to send out one along. Michael Dell recently released a letter to his company’s 100,000-plus employees, urging them to keep calm, continue business as usual, and take media speculation with a grain of salt. Very few companies ever achieve a level of success like we have. Celebrate your … __ (Name of Organization)__ is pleased to announce today, the acquisition of __ (Name of purchased Company)__, a company __ (operating out of …location/specializing in…./etc. Below's whatever you need to know to write a letter that really markets your abilities. That goes without claiming.". Date. Also, don't include attachments unless they are requested. Merger announcements make employees cringe because layoffs usually follow company mergers. Merger announcement letters are addressed to your existing customers to encourage continued repeat business, introduce the new brand, emphasize customer benefits, state the company mission and explain any potential changes. When deciding whether to send a physical letter or an email, think carefully about the situation. In the case of any major company change or upheaval, it’s an engagement gap that can’t be avoided, and is much more pronounced when employees are directly affected by the fallout. Heinz Chairman, President and CEO Bill Johnson issued a letter to employees this morning after news broke that the company agreed to be acquired by Berkshire Hathaway and 3G Capital. Company Merger Letter To Employees from www.feiengineers.com. John Cryan, Deutsche Bank CEO, ... Do not allow yourself to become distracted by speculation about alleged mergers or sales plans. Dear Mr. Johnson: As I am sure you are aware from recent news reports, First Bank and Dayton Credit Union are joining hands to better serve you. But if your message is intended for all employees in general, you can address your letter as "To all employees". The business letter can be e-mailed or circulated by hand among employees … You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. Merger Offer Letter - DMC Stratex Networks Inc. and Western Multiplex Corp. ... would remain constant and will result in Western Multiplex s stockholders owning approximately 28% of the combined company. I have been learning about LinkedIn […] People care about where they work. This immediately alerts existing customers to the nature of the transition … Don't allow this demand derail you. "Hook the reader in the initial paragraph by selling him or her your capabilities," she states. This is a merger of two highly compatible firms. As I’ve said in meetings before, this kind of thing doesn’t just happen. If you're emailing a return to, your cover letter will certainly deliver the impression. Timing is Key. Our brand, strategy, purpose and values remain unchanged. Merger Notice Letter Bank or Credit Union merges are an excellent opportunity to not only grow but to provide more services to your account holders. Addressee Address City, State Zip. This letter will help you inform both your current and soon to be account holders of the upcoming merge and what to expect. Company Merger Letter To Employees Source: itlever.files.wordpress.com. 1234, Main Street, Boston, MA 02123. This sample letter is a format to announce the change in the name of the company following a merger or an acquisition. Some email packages instantly do word cover for you, so your cover letter does not get here in pieces. 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. A substantial focus was placed on organizational announcements, for instance the top-level structure and leadership appointments—the areas that most concerned employees. 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