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Martin Midstream Partners L.P. ($MMLP) is set to be acquired by Martin Resource Management Corporation in an all-cash deal valued at $4.02 per common unit. The acquisition will be funded through cash, a credit facility, and management loans. This acquisition follows an increased offer from $3.05 per share to $4.02 per share, resulting in a 23% return over four months. The news has led to a 9.2% pre-market increase in Martin Midstream Partners' stock price.
$MMLP (+9.2% pre) Martin Midstream Partners L.P. to be Acquired by Martin Resource Management Corporation - Stock Titan https://t.co/rXgzlfOik8
Great turn of events at $MMLP. GP has increased its offer from $3.05/share to $4.02/share, and a definitive agreement to privatize MMLP has been signed. The spread closed instantly. Nice 23% return in just 4 months. Is there any more juice left to squeeze out of this? The… https://t.co/WPV8Yk7bMM
Martin Midstream Partners L.P. to be Acquired by Martin Resource Management Corporation https://t.co/Yd9W0TEjih https://t.co/wADlgnHocQ
