Nut Tree Capital Management and Caspian Capital, which together with their affiliates have combined exposure in Martin Midstream Partners (MMLP) of approximately 13.6% of the outstanding common units, released an investor presentation highlighting reasons why unitholders should vote “AGAINST” the deeply flawed merger of MMLP with Martin Resource Management Corporation. The presentation contains a detailed explanation regarding how MRMC’s $4.02 per common unit price significantly undervalues the company, the major conflicts pervading the insider-led deal and leading to a flawed process, and MMLP’s bright future prospects in remaining as a publicly traded MLP.
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