Question
As at 31 March 2022, there were 2,302 million Class A shares and 413 million Class B shares on issue with the major shareholders
As at 31 March 2022, there were 2,302 million Class A shares and 413 million Class B shares on issue with the major shareholders including ... Mark Zuckerberg with 831,706 Class A shares and 349,745,790 Class B shares Eduardo Saverin with 7,535,009 Class A shares and 45,928,139 Class B shares BlackRock with 158,128,797 Class A shares The Meta stock price at the close of trade on 15 June 2022 was $169.35 Assume Eduardo immediately sells all his Class A and Class B shares to BlackRock for $200 per share. What impact would the sale have on Mark and BlackRock ?
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First lets calculate the total value of Eduardos shares Class A shares 7535009 x 16935 127708633715 ...Get Instant Access to Expert-Tailored Solutions
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Advanced Accounting
Authors: Gail Fayerman
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9781118774113, 1118774116, 111803791X, 978-1118037911
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