Prysmian Acquires Channell for $950 Million: Employee Rights
Did Prysmian Acquire Channell?
Yes — Prysmian has completed its acquisition of Channell Commercial Corporation (Channell) in a deal valued around for $950 million.
“Our synergistic portfolio of energy and digital solutions has been strengthened thanks to this acquisition, and as a result, we will bring benefit to customers across North America, while boosting our global competitiveness in the digital space,” Massimo Battaini, CEO of Prysmian, said in a joint news release.
“I am delighted to welcome the Channell team to Prysmian — we have a culture that truly recognizes the value from the companies that we have integrated over the years, and I am certain that Channell’s expertise will further enrich our unique know-how.”
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For a broader understanding of your rights following a sale, check out our resources for Ontario, Alberta, or British Columbia. You can also use our free Pocket Employment Lawyer to get real-time insights.
Workplace Issue Post-Acquisition?
Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals successfully resolve various workplace issues.
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- 👥 Over 50,000 clients helped across Canada
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You must consult your union representative regarding termination, severance pay, and other workplace issues. By law, employment lawyers can’t represent unionized employees with these issues. They’re governed by your collective bargaining agreement.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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