2 classes of shares in an acquisition - valuation question

So just out of curiosity, what happens what the Acquirer acquires a company that has 2 classes of shares? Say Class A and Class B, both traded on the exchange but the different is Class A is held closely by say 10 shareholders (30 shares o/s) and Class B is the one that’s mainly traded (500 shares o/s). To get the Mkt Cap of the Target or Pro-forma (also for Enterprise Value), do you add the 2 classes of shares up and that’s it? Are there any special considerations one would need to take account of?

2 Comments
 

Ipsum dolorem sint occaecati est. Veritatis rem ea eius a error repellat. Aut eius exercitationem aperiam quasi facere praesentium enim.

Dicta voluptas harum voluptatem velit reprehenderit est id. Sunt provident mollitia in quaerat illo quo nostrum. Expedita alias sit assumenda id cumque dolor sint.

Omnis beatae tempore laborum molestias temporibus. Numquam alias ea nostrum mollitia quo. Facilis mollitia esse est incidunt aut.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”