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Boris Ltd makes a takeover offer to acquire all the remaining shares in Donky Ltd that Boris Ltd does not currently hold. The purchase consideration
Boris Ltd makes a takeover offer to acquire all the remaining shares in Donky Ltd that Boris Ltd does not currently hold. The purchase consideration consists of a combination of shares and cash. This acquisition will increase Boris Ltd's shares in Donky Ltd from 20% to 100%. The acquisition method is more likely to be an off-market bid than an on-market bid.
True or False?
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