Martin Midstream Partners L.P. Issues Statement Reaffirming Commitment To Pending Transaction; Says "The Conflicts Committee Unanimously And In Good Faith Determined That The Merger Transaction With Martin Resource Management Corp Is Fair And Reasonable To, And In The Best Interests Of, MMLP And The Unaffiliated Holders Of The MMLP Common Units"
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Martin Midstream Partners L.P. (NASDAQ:MMLP) reaffirms its commitment to a merger with Martin Resource Management Corp, deemed fair and beneficial by the Conflicts Committee. The merger offers a 34% premium to MMLP unitholders based on the market price before the proposal.
October 22, 2024 | 3:50 pm
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Martin Midstream Partners L.P. confirms a merger with Martin Resource Management Corp, offering a 34% premium to unitholders. The Conflicts Committee supports the merger as fair and beneficial.
The merger is expected to positively impact MMLP's stock price due to the attractive premium offered to unitholders. The Conflicts Committee's unanimous support further strengthens the transaction's credibility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100