ARBX Arbinet Corp. (MM)

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Arbinet Corporation. (“Arbinet”) or the “Company”) (Nasdaq:ARBX) relating to the proposed acquisition by Primus Telecommunications Incorporated (“Primus”).

Under the terms of the agreement, Arbinet shareholders would receive shares of Primus common stock in exchange for Arbinet common stock. Primus shareholders will be expected to own approximately 77% of the combined company upon the closing of the transaction. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given the book value of Arbinet is greater than the price being paid by Primus. Thus, shareholders need additional information to know if the Board of Directors breached their fiduciary duties by failing to adequately shop the Company, which has resulted in Primus underpaying for the company.

If you own shares of Arbinet and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/243-arbx-arbinet-corporation.html, or by calling toll free 877-LEGAL-90.

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