confusion on minority interest in LBO

CFA Level III
#1

I have a confusion

Suppose a company reports 100 shares as o/s in its 10-K. Also the minority interest shown is equal to 200

The current market price is $ 500

In this case the total equity value = 500*100= $50000. Does this include value of minority interest or just majourity shareholders?

#2

Hey, vicky! Long time, no see.

I should think that it excludes the minority interest.

I could be wrong, though.