If a number of folks are leaving - then it should come as no surprise.
Not because it is EZY and / or GOE!!!
Whenever there is a merger, folks leave. It is expected and planned for by those making the merger. The reasons will vary of course but the change from a small developing company to a medium sized enterprise will not suit all. Also, you are going to land up with two heads of all the same departments. That has to be resolved. Some folks might have been thinking of leaving but decided to wait another few months to see if there might be some financial offers on the table.
I have been retail, local government, financial, chemicals, freight and a number of other sectors in my 22 years of work. It is always the same.
Therefore, I would say that this news is no news!