https://www.businesswire.com/news/home/20220407005532/en/CDK-Global-to-Be-Acquired-by-Brookfield-for-54.87-Per-Share-in-Cash
Sales to private companies never benefit the employee. Kiss those bonuses goodbye.
8 replies (most recent on top)
funny reading the posts above saying nothing is going to happen lol what are your thoughts now? are you rich from your bets? or maybe you got fired like the rest of the hundreds of employees
Bonus is on track but very low % to get any compensation in lieu of RSU if you are not at a specific level. We were told that we will be “made whole” but actions speak louder than words.
This is still not a 2008 market and expect a mass exodus soon
Lay offs did happen July 26 for a lot of us!!!! People who had been with the company for 8 to over 20 years! No warning ! Lay-off loyal employees who have worked hard… mostly layed off the ones with higher pay! Said we could reapply after our severance run out! Lol! Why would we reapply to a company that was so easily disregard our hard work and loyalty?!?!
I love all the armchair experts here
As someone who has been through many of these they are not a bad thing assuming the investor does not under value the company.
This specific acquisition is looking for a 30% above MSRP that’s pretty encouraging and a huge deal.
That means they will
Be seeking a ROI that’s pretty aggressive.
They will Be pumping capital to achieve this and CDK gets their wishes as a private entity under a parent.
I highly doubt much will change as they clearly see what’s working is doing so.
I in-fact can only foresee leadership shake ups and even more capital for pay role (unless you are crazy over valued) as they seek growth.
If I bet against everyone heee I would be rich.
This site attracts the most toxic fools I have ever seen that assume the worse because they suck at there job.
https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-investigates-cdk-global-inc-301520179.html
No layoffs, and bonuses are still fully on track.
Cope and seethe, because it only gets better from here.
Layoffs will happen before and after the sale is finalized. Mark my words
Did you even look up what this company does before you spew bull cr-p?
It acquainted busness looking to go private or seeking long term investments.
They only invest in what they belive will have a growth of 30%.
They also increase the majority of employee pay role to help this process and just with a quick Glassdoor search you can see it’s higher then CDK is now.
Go back to your therapist and just quit your not needed in the workforce.