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In fact in both cases, the bidders merely said they were highly confident of receiving necessary financing.
But in his letter to the board, Mr. Schulze wrote that his advisers at Credit Suisse were "highly confident" that they can secure the financing.
He added that his investment bankers at Credit Suisse were highly confident that they could line up the requisite debt financing, which could amount to perhaps $7 billion.
Absent that, the target's board would ask for at least a letter from the banks that states that the buyers were "highly confident" that financing would be obtained.
Mr. Levin also sought to reassure investors that the companies were "highly confident" that they would pass their review by federal regulators without debilitating conditions and would close the deal before the end of the year.
The survey of chief executives, by PricewaterhouseCoopers, found the proportion of corporate bosses who were highly confident about increasing revenue over the next 12 months had plunged from a year ago in virtually every country.
Similar(40)
"It's very solid and I'm highly confident".
"We are highly confident of complying with league regulations".
"We're highly confident in our ability to execute here.
"We're highly confident we're going to succeed," he said.
"We are highly confident our conduct was entirely lawful and appropriate," the group said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com