[Download] "In Re Rockefeller Center Properties" by Third Circuit U.S. Court Of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: In Re Rockefeller Center Properties
- Author : Third Circuit U.S. Court Of Appeals
- Release Date : January 08, 2002
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 87 KB
Description
This appeal marks the second time that we address the underlying dispute between the parties. The controversy relates to the landmark Rockefeller Center in midtown Manhattan and arises out of the proxy solicitation in connection with the acquisition of Rockefeller Center Properties, Inc. ("RCPI") by a consortium of investors, including David Rockefeller, Whitehall Street Real Estate Limited Partnership V ("Whitehall") and its affiliates, various divisions of the Goldman Sachs Group, Inc. ("Goldman Sachs"), and three individuals associated with those entities.*fn2 The proxy statement painted a bleak financial picture of Rockefeller Center and included management's recommendation to approve the merger. One month after the shareholders of RCPI voted to approve the merger, the new owners of Rockefeller Center, the Investor Group, sold approximately 20% of the property to the National Broadcasting Company and its parent, the General Electric Company ("GE/NBC"), for $440 million.