Business Week International CORRECTIONS & CLARIFICATIONS
Passage to India, compliments of George (Finance, Jan. 23) (int'l. edition)
"Passage to India, compliments of George" (Finance, Jan. 23) incorrectly described George Soros' investment in Phoenix Information Systems. The Soros group bought $12 million worth of stock warrants priced at $3, a $10 million convertible note, and $1.22 million worth of common shares. The average share purchase price was 72 cents, and Soros will eventually own 32.1% of Phoenix.