Letter Highlights False and Misleading
Statements Made by MMLP in Attempt to Push Through Merger Enriching
Ruben Martin and MRMC at Expense of Other MMLP Unitholders
NEW
YORK, Dec. 16, 2024 /PRNewswire/ -- Nut Tree
Capital Management L.P. ("Nut Tree") and Caspian Capital L.P.
("Caspian"), which together with
their affiliates have combined exposure in Martin Midstream
Partners L.P. (NASDAQ: MMLP) ("MMLP" or the "Company") of
approximately 13.6% of the outstanding common units, today sent a
letter to MMLP's common unitholders urging them to vote
"AGAINST" the sale of MMLP to Martin Midstream Resource
Corporation ("MRMC") for $4.02 per
common unit (the "Merger") at the Company's upcoming meeting of
unitholders scheduled for Monday, December
30, 2024 at 10:00 AM Central
time.
The full text of the letter can be found here and is also
available at www.ProtectMMLPValue.com.
Advisors
Olshan Frome Wolosky LLP and Latham &
Watkins LLP are serving as legal counsel to Nut Tree
and Caspian.
About Caspian Capital LP
Caspian Capital LP's absolute
return strategy was founded in 1997 and is focused on performing,
stressed, distressed corporate credit, and value
equities. Caspian currently oversees $4.6
billion in assets under management.
About Nut Tree Capital Management LP
Nut Tree Capital,
founded in 2015, implements a fundamentals-based strategy focused
on distressed credit, stressed/event-driven credit and value
equities. Nut Tree currently oversees $4 billion in
assets.
Contacts
For Investors:
John Ferguson/Joe Mills
Saratoga Proxy Consulting LLC
(212) 257-1311/ (888) 368-0379
info@saratogaproxy.com
For Media:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170
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content:https://www.prnewswire.com/news-releases/nut-tree-capital-management-and-caspian-capital-send-letter-to-unitholders-reiterating-why-martin-midstream-partners-lp-unitholders-should-vote-against-the-value-destructive-merger-with-martin-resource-management-corp-302332485.html
SOURCE Nut Tree Capital Management and Caspian Capital