A REIT headquartered in Louisville, KY, Ventas inked aC$15-per-share purchase agreement with Sunrise in January throughan auction process, but was usurped by an C$18-per-share bidsubmitted in mid-February by Health Care Property Investors, Inc.,another medical-sector REIT that is based in Long Beach, CA. Ventasthen sued in Ontario requesting that its pact for Sunrise beupheld.

Besides mandating Sunrise to let the sale proceed, the court ofappeal backed Ventas on its request that a so-called "standstillagreement" remain in effect banning HCPI from submitting any bidsto acquire Sunrise for at least 18 months. Ventas also won a thirdruling that says all of HCPI's previous offers are breaches of thestandstill agreement.

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