Choose from options: Determine if the sentence is true based on the text below:
Corporate raiders used leveraged buyout offers.

The "highly confident letter" was a financing tool created by investment bankers at Drexel Burnham Lambert, dominated by Michael Milken, in the 1980s. Its objective was to enable corporate raiders to launch leveraged buyout (LBO) offers without the debt component of their financing package fully in place.
pick from the following. *Yes; *It's impossible to say; *No;
Yes