Press Release: Martin Midstream Partners L.P. Issues Statement Reaffirming Commitment to Pending Transaction
Martin Midstream Partners L.P. today issued the following statement in response to the press release issued by Nut Tree Capital Management and Caspian Capital:. The transaction provides an attractive premium valuation to MMLP unitholders, whereby each holder of the common units other than MRMC and its subsidiaries would receive $4.02 per common unit owned, representing a 34.00% premium to the market closing price prior to MRMC's initial proposal made on May 24, 2024, and an 11.33% premium to the trailing 30-trading day volume-weighted average price as of October 3, 2024, the date the merger agreement was executed.We look forward to engaging with unitholders as we work toward completing the transaction by the end of 2024.This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission . These forward-looking statements and all references to the transaction described herein rely on a number of assumptions concerning future events and are sub