KILGORE, Texas, October 03, 2024--Martin Midstream Partners L.P. ("MMLP") (Nasdaq: MMLP) today announced that it has entered into a definitive agreement and plan of merger ("Merger Agreement") pursuant to which Martin Resource Management Corporation ("MRMC") would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the "Public Common Units"). The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units.
Navios Maritime Partners (NMM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Nut Tree Capital Management L.P. ("Nut Tree") and Caspian Capital L.P. ("Caspian"), today sent a letter to the Conflicts Committee of the Board of Directors (the "Conflicts Committee") of Martin Midstream GP LLC (the "General Partner") notifying the Conflicts Committee of an increase to their fully financed offer to acquire Martin Midstream Partners L.P. ("MMLP" or the "Partnership") (Nasdaq: MMLP) for $4.50 per common unit in cash. This increased offer from the initial offer of $4.00 represents