199 Bay St, Suite 5300, Commerce Court West, Toronto, ON
Year called to bar: 2012 (ON)
Mike Laskey is a partner in the Competition & Foreign Investment Group. His practice focuses on the review of transactions under the Competition Act and the Investment Canada Act. Under the Competition Act, Mike regularly advises clients on the competition law risks of complex and high-profile transactions. Mike leads competition law reviews of some of the most involved transactions in Canada. Mike works with the Competition Bureau to resolve difficult and novel competition issues and negotiate complex remedial agreements. In addition to the review of transactions, Mike also advises clients on compliance matters (including compliance training and internal investigations) and provides guidance on misleading advertising issues. Under the Investment Canada Act, Mike advises on precedent-setting economic, cultural and national security matters for clients across a broad range of industries. Mike also works with government relations and public relations advisors to secure approval for high-profile and complex transactions.
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.
On June 18, 2015, Alltech, Inc. completed its acquisition of all of the outstanding common shares of Ridley Inc., by way of a plan of arrangement, for approximately $521 million. Before its acquisition, Ridley was publicly traded on the Toronto Stock Exchange and was one of the largest commercial animal nutrition businesses in North America. With the completion of the acquisition, the combined company is a global leader is animal health and nutrition with annual revenues in excess of US$1.6 billion and a presence in 128 countries with 77 manufacturing facilities and approximately 4,200 employees globally.
Element Financial Corporation acquired the assets and operations of PHH Arval, PHH Corporation's North American fleet management services business, for a purchase price of US$1.4 billion in cash. Element also assumed PHH's obligations under the PHH fleet securitization programs in the US and Canada.