{"id":796991,"date":"2024-12-26T16:04:10","date_gmt":"2024-12-26T21:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/martin-midstream-partners-l-p-announces-termination-of-merger-agreement-and-cancellation-of-special-meeting\/"},"modified":"2024-12-26T16:04:10","modified_gmt":"2024-12-26T21:04:10","slug":"martin-midstream-partners-l-p-announces-termination-of-merger-agreement-and-cancellation-of-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/martin-midstream-partners-l-p-announces-termination-of-merger-agreement-and-cancellation-of-special-meeting\/","title":{"rendered":"Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting<\/b><\/p>\n<p>KILGORE, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMartin Midstream Partners L.P. (\u201cMMLP\u201d) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the \u201cMerger Agreement\u201d), dated October 3, 2024, with Martin Resource Management Corporation (\u201cMRMC\u201d), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the \u201cMerger\u201d). The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP (with the approval of the Conflicts Committee of the Board of Directors of Martin Midstream GP LLC (the \u201cGeneral Partner\u201d)) pursuant to the terms of the Merger Agreement. MMLP will continue to operate as a standalone publicly traded company.<\/p>\n<p>\nMMLP also announced the cancellation of its special meeting of unitholders scheduled for December 30, 2024 and the withdrawal from consideration by MMLP unitholders of the proposals set forth in MMLP\u2019s definitive proxy statement filed with the Securities and Exchange Commission on November 27, 2024.<\/p>\n<p>\nBob Bondurant, President and Chief Executive Officer of the General Partner said, \u201cWe appreciate the feedback we have received from unitholders during our extensive outreach and engagement over the last several weeks. We greatly value unitholders\u2019 perspectives and are pleased that unitholders have confidence in the future of MMLP as a standalone company. We will continue to focus on executing our long-term strategy, including strengthening the balance sheet through debt reduction and improving operating results, to create value for unitholders.\u201d<\/p>\n<p><b>About MMLP<\/b><\/p>\n<p>\nMartin Midstream Partners L.P. (NASDAQ: MMLP) headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP\u2019s primary business lines include: (1) terminalling, processing, and storage services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing, and distribution; and (4) marketing, distribution, and transportation services for natural gas liquids and blending and packaging services for specialty lubricants and grease. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.MMLP.com&amp;esheet=54171006&amp;newsitemid=20241226182444&amp;lan=en-US&amp;anchor=www.MMLP.com&amp;index=1&amp;md5=31a6170e9a26ef32abdc49b93f7292ae\">www.MMLP.com<\/a>. Follow Martin Midstream Partners L.P. on LinkedIn, Facebook, and X (formerly known as Twitter).<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241226182444r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241226182444\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241226182444\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Sharon Taylor<br \/>\n<br \/>Executive Vice President and Chief Financial Officer<br \/>\n<br \/>(877) 256-6644<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@mmlp.com\">ir@mmlp.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Other Energy Maritime Oil\/Gas Transport Manufacturing Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting KILGORE, Texas&#8211;(BUSINESS WIRE)&#8211; Martin Midstream Partners L.P. (\u201cMMLP\u201d) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the \u201cMerger Agreement\u201d), dated October 3, 2024, with Martin Resource Management Corporation (\u201cMRMC\u201d), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the \u201cMerger\u201d). The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP (with the approval of the Conflicts Committee of the Board of Directors of Martin Midstream GP LLC (the \u201cGeneral Partner\u201d)) pursuant to the terms of the Merger Agreement. MMLP will continue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/martin-midstream-partners-l-p-announces-termination-of-merger-agreement-and-cancellation-of-special-meeting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796991","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/martin-midstream-partners-l-p-announces-termination-of-merger-agreement-and-cancellation-of-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Martin Midstream Partners L.P. Announces Termination of Merger Agreement and Cancellation of Special Meeting KILGORE, Texas&#8211;(BUSINESS WIRE)&#8211; Martin Midstream Partners L.P. (\u201cMMLP\u201d) (Nasdaq: MMLP) today announced the termination of the previously announced Agreement and Plan of Merger (the \u201cMerger Agreement\u201d), dated October 3, 2024, with Martin Resource Management Corporation (\u201cMRMC\u201d), pursuant to which MRMC would have acquired all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries (the \u201cMerger\u201d). The Merger Agreement was terminated by the mutual written consent of MRMC and MMLP (with the approval of the Conflicts Committee of the Board of Directors of Martin Midstream GP LLC (the \u201cGeneral Partner\u201d)) pursuant to the terms of the Merger Agreement. MMLP will continue &hellip; Continue reading &quot;Martin Midstream Partners L.P. 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