The suit requested that the court force Sunrise Senior LivingREIT to comply with its purchase agreement and enforce itsstandstill agreement with Health Care Property Investors. The HCPIstandstill agreement from the original competition containsprovisions that prohibit HCPI from, among other actions, making anyproposal to acquire any securities or all or any assets of SunriseREIT, and remains in effect for a period of 18 months, ending inMay 2008.
The court ruled in favor of Ventas onTuesday. Late Wednesday night, HCPI issued a statementsaying it would comply with the ruling and sent a letter to Sunrisewithdrawingits bid.
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