Correction: Blackstone investment story

AP News
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Posted: Nov 18, 2009 5:28 PM

In a Nov. 16 story about the U.S. holdings of private equity firm Blackstone Group, The Associated Press erroneously reported the type of securities the company purchased related to Southwest Airlines.

Funds managed by Blackstone bought $7.8 million in put options, which give it the right to sell the underlying securities at a certain price at a later date. Blackstone did not purchase common shares.