PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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EXPLORER
US5733311055
State: 17.08.2024 | 11PM
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FIGI: BBG000NMJFC8
MMLP
Martin Midstream Partners L.P.
GICS: - · Sector: Energy · Sub-Sector: Oil & Gas Midstream
NAME
Martin Midstream Partners L.P.
ISIN
US5733311055
TICKER
MMLP
MIC
XNAS
REUTERS
MMLP.OQ
BLOOMBERG
MMLP US
Tue, 22.10.2024       Martin Midstream
US5733311055

Nut Tree and Caspian Believe Proposed Sale Significantly Undervalues MMLP and its Future Prospects

Nut Tree and Caspian Intend to File a Proxy Statement and Solicit Proxies to Vote "AGAINST" the Proposed Sale

Nut Tree and Caspian Launch www.ProtectMMLPValue.com

NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P. ("Caspian"), today announced that they intend to oppose the proposed sale of Martin Midstream Partners L.P. ("MMLP" or the "Company") (Nasdaq: MMLP) to Martin Resource Management Corporation ("MRMC"), an affiliate of the Company's General Partner, for $4.02 per MMLP common unit not already owned by MRMC. Nut Tree and Caspian have combined economic exposure in the Company of approximately 13.2% of the outstanding common units through certain cash-settled derivative agreements and are aligned with MMLP unitholders who are unaffiliated with MRMC in seeking to protect the long-term value of the Company.

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