Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Arbinet Corporation (“Arbinet”) (NASDAQ:ARBX) related to the Company’s agreement to be acquired by Primus Telecommunications Group Incorporated (“Primus”) in a proposed stock for stock transaction.

Under the terms of the definitive agreement entered into by the parties, Arbinet common shareholders will receive shares of Primus common stock in exchange for the Arbinet common stock they own, for a total transaction value of approximately $28 million. Arbinet shareholders will be expected to own approximately 23% of the combined company, and Primus shareholders will be expected to own approximately 77% of the combined company upon the closing of the transaction. The transaction is expected to be completed in the first quarter of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Arbinet’s board of directors.

If you are a shareholder of Arbinet, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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