401K forced rollover?

My company was recently sold and we were assured (Verbally) that we
would have the option of either cashing out our 401K accounts or
rolling them over into the new company..But now they are saying they
have sold our 401K to the new company..I didn`t want this at all..They
are saying there`s nothing we can do as it was in the contract for the
sale of the company that the 401K was part of the sale..This doesn`t
sound legal to me..Do I have ANY recourse?...Thank you

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