Legal Opinion
San Francisco Real Estate Investors v. Real Estate Investment Trust of America
Court of Appeals for the First Circuit
Decided March 9, 1983No. Nos. 82-1853, 82-1865PublishedCited by 7 opinions
1Opinion of the Court
COFFIN, Chief Judge.
This appeal concerns a struggle for control of one large company by another through a tender offer. Both the target company and the bidder are real estate investment trusts (REITs), organized pursuant to 26 U.S.C. § 856 and subject to certain constraints1 and possessing the advantage of avoiding a separate income tax on the corporate entity, a single tax being paid by shareholders on their receipt of distributions.
Plaintiff-appellant, San Francisco Real Estate Investors (SFREI), on October 28, 1982, made a tender offer of $40 a share (about $9 above the then current market…
2Cases cited20 opinions
- Gladstone, Realtors v. Village of BellwoodSupreme Court of the United States · 1979
- Edgar v. Mite Corp.Supreme Court of the United States · 1982
- Piper v. Chris-Craft Industries, Inc.Supreme Court of the United States · 1977
- Jarecki v. G. D. Searle & Co.Supreme Court of the United States · 1961
- Rondeau v. Mosinee Paper Corp.Supreme Court of the United States · 1975
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3Cited by7 opinions
- ER Holdings, Inc. v. Norton Co.District Court, D. Massachusetts · 1990
- Xeta, Inc. v. Atex, Inc. And Eastman Kodak CompanyCourt of Appeals for the Federal Circuit · 1988
- American Carriers, Inc. v. Baytree Investors, Inc.District Court, D. Kansas · 1988
- Mai Basic Four, Inc., and Choice Corporation v. Prime Computer, Inc.Court of Appeals for the First Circuit · 1989
- Capital Realty Investors Tax Exempt Fund Ltd. Partnership v. Dominium Tax Exempt Fund L.L.P.District Court, S.D. New York · 1996
2 more not listed; retrieve them via the Exa API.