H-B-S Partnership v. Aircoa Hospitality Services

{1} This case involves the interpretation of a right of first refusal (ROFR) provision in a limited partnership agreement. The district court decided the ROFR was triggered when the corporate great-great-grandparent of one of the general partners was sold in a stock transfer transaction. Defendant appeals the district courts basic decision that the ROFR was triggered. Plaintiffs and Defendant below both appeal from the district courts calculation of the price required to exercise the ROFR. We affirm.