Question: How is the equity value calculated for an M&A transaction when the target company is private? Question 4 options: A ) Enterprise value less assumed

How is the equity value calculated for an M&A transaction when the target company is private?
Question 4 options:
A)
Enterprise value less assumed/refinanced net debt
B)
Share price multiplied by shares outstanding
C)
There is no equity value for a private company
D)
Acquirer's price per share multiplied by shares outstanding

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