MMLP Merger News: Johnson Fistel Investigates Martin Midstream Partners and its Directors and Management Following the Announcement of the Merger

Core Viewpoint - Johnson Fistel, LLP is investigating potential breaches of fiduciary duties by the board members of Martin Midstream Partners L.P. in relation to a proposed merger with Martin Resource Management [1]. Group 1: Merger Details - On October 3, 2024, Martin Midstream Partners L.P. announced a definitive agreement for Martin Resource Management Corporation to acquire all outstanding common units not already owned by it and its subsidiaries at a price of $4.02 per share in an all-cash transaction [3]. - Nut Tree Capital Management and Caspian Capital, holding approximately 13.6% of the outstanding common units, have submitted proxy materials opposing the merger at the proposed price, which will be voted on in an upcoming meeting [4]. Group 2: Investigation and Shareholder Rights - The investigation by Johnson Fistel, LLP aims to determine if the board members acted in the best interests of shareholders regarding the merger terms [1]. - Shareholders who believe the buyout price is too low or wish to learn more about the investigation are encouraged to contact the lead analyst [2].