E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/10/2013 in the Prospect News Distressed Debt Daily.

Mobilicity adjourns recapitalization vote, in acquisition plan talks

By Caroline Salls

Pittsburgh, July 10 - Data & Audio-Visual Enterprises Holdings Inc. and its affiliates (collectively, Mobilicity) have adjourned the debtholder vote on their previously announced recapitalization plan and is in discussions with multiple parties in connection with an acquisition plan of arrangement, according to a company news release.

Mobilicity said that consistent with the exploration of all of its strategic alternatives, it has the right to reconvene the recapitalization plan vote on notice to its debtholders.

"We are working diligently to reach an acquisition agreement," president and chief operating officer Stewart Lyons said in the release.

Mobilicity is a Toronto-based wireless carrier.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.