On June $2024,$ Woolborths Ltd made a takeover bid to acquire all the remaining shares of Country Boat Ltd$.$ The Woolborths Ltd takeover offer for Country Boat Ltd was conditional on its takeover bid for David Jones being successful. Woolborths will use a combination of cash and shares as part of their offer price for Country Boat Ltd$.$

The acquisition method in the takeover of Country Boat Ltd is more likely to be an on$-$market bid than an off$-$market bid.

True

False