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Published on 1/22/2009 in the Prospect News Special Situations Daily.

Arbinet-thexchange investor sells 305,116 shares

By Lisa Kerner

Charlotte, N.C., Jan. 22 - A group of Arbinet-thexchange, Inc. investors led by Greywolf Capital Partners II LP sold 305,116 shares of the company's stock on Jan. 15 for $1.53 per share, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Greywolf beneficially owns 1,244,723 shares, or 4.8%, of the New Brunswick, N.J., electronic market operator company.


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