Leading Independent Proxy Advisory Firm Glass Lewis Joins Institutional Shareholder Services in Recommending MMLP Unitholders Vote “FOR” the Transaction with MRMC
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Glass Lewis, a leading proxy advisory firm, has joined Institutional Shareholder Services in recommending that Martin Midstream Partners L.P. (MMLP) unitholders vote in favor of a transaction with Martin Resource Management Corporation (MRMC). The vote is scheduled for December 30, 2024.
December 18, 2024 | 6:00 pm
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Glass Lewis and ISS recommend MMLP unitholders vote in favor of the transaction with MRMC, potentially influencing the outcome of the vote scheduled for December 30, 2024.
The recommendation from two major proxy advisory firms, Glass Lewis and ISS, is likely to sway unitholder opinion in favor of the transaction, increasing the likelihood of its approval. This could positively impact MMLP's stock price in the short term as the market anticipates the benefits of the transaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100