Employees who don’t accept new owner’s severance packageOld employer's obligation to its employees when selling the businessBy Brian Kenny09/21/2007|Canadian Employment Law Today Question: Our Canadian subsidiary of a U.S. company has been acquired by another company. Does the selling company have a legal obligation to offer employees the option of severance if they choose not to accept the buyer package? Answer: To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.