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Published on 6/3/2008 in the Prospect News Special Situations Daily.

LC Capital buys more than 350,000 shares of Arbinet-thexchange

By Lisa Kerner

Charlotte, N.C., June 3 - LC Capital Master Fund, Ltd. reported the purchase of 351,294 shares of Arbinet-thexchange, Inc. between April 4 and May 30 priced from $3.35 to $4.10 each, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The investor beneficially owns 2,247,480 shares, or 8.8%, of the New Brunswick, N.J., electronic market operator company.


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