Eric Reither’s practice focuses on corporate and securities law, with a particular emphasis on mergers and acquisitions and on covered bond transactions. He has acted for domestic and international clients on a wide range of acquisitions, divestitures, take-over bids, mergers, strategic alliances, joint ventures, shareholder and partnership arrangements and corporate reorganizations. Mr. Reither has also advised issuers and underwriters in connection with the establishment and registration of covered bond programs by Canadian financial institutions and related domestic and international offerings, including advising the issuer in connection with the first issuance of covered bonds by a Canadian financial institution, the first issuance of covered bonds by a Canadian financial institution under a program registered under Canada’s covered bond legislative framework and the first issuance of covered bonds ever registered with the Securities and Exchange Commission.
On July 2, 2015, Data & Audio-Visual Enterprises Wireless Inc., operating as “Mobilicity”, was acquired by an affiliate of Rogers Communications Inc. in a transaction valued at $465 million. Mobilicity, a Canadian wireless telecommunications carrier, commenced creditor protection proceedings under the Companies’ Creditors Arrangement Act in September 2013. The transaction offered significant value to Mobilicity’s creditors and allowed Mobilicity to emerge from creditor protection as a going concern. The transaction ensures certainty of service for Mobilicity customers on the Rogers network and also results in Rogers gaining significant spectrum capacity in new markets which provides faster speeds and better quality for all Rogers customers. The transaction was subject to government and court approvals and was completed on July 2, 2015.
