Hc2 Holdings, Inc. (NYSE:HCHC)

MCLEAN,(Marketwire - Aug 9, 2011 ) - Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced today that its board of directors has authorized a stock repurchase program of up to $15 million of its common stock through August 8, 2013.

Peter D. Aquino, Chairman, President and Chief Executive Officer, stated, "We believe that the repurchase of our stock is an appropriate use of our cash, particularly given the stock market's recent weakness, and that taking this action is in the best interest of our shareholders. We expect to continue to invest in our primary markets, and we remain committed to operating our business to maximize profitability and cash flow and to optimize our asset portfolio. We have sized our stock repurchase program with those objectives in mind."

Under the stock repurchase program, stock will be repurchased from time to time in open-market and privately negotiated transactions and block trades. There is no guarantee as to the exact number of shares, if any, that PTGi will repurchase. The share repurchase program may be modified, terminated or extended by PTGi at any time without prior notice. PTGi has established a committee consisting of its lead director, chief executive officer and chief financial officer to oversee the administration of the stock repurchase program.

MCLEAN, VA--(Marketwire - March 1, 2011) - Primus Telecommunications Group, Incorporated announced today that it has completed its acquisition of Arbinet Corporation, a leading provider of wholesale telecom exchange services to carriers in an all-stock transaction. Pursuant to the definitive merger agreement dated November 10, 2010, which was further amended on December 14, 2010, it is anticipated that Arbinet stockholders will receive approximately 0.5817 shares of Primus common stock for each share of Arbinet common stock that they hold. Arbinet stockholders (by virtue of holding Arbinet common stock immediately prior to the effective time of the merger) now own approximately 25% of the outstanding shares of Primus common stock.