Nut Tree, Caspian urge Martin Midstream holders to vote against MRMC merger

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.