{"id":824425,"date":"2025-03-11T14:33:08","date_gmt":"2025-03-11T18:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/"},"modified":"2025-03-11T14:33:08","modified_gmt":"2025-03-11T18:33:08","slug":"caspian-capital-issues-statement-on-martin-midstream-partners-l-p","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/","title":{"rendered":"Caspian Capital Issues Statement on Martin Midstream Partners L.P."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 11, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Caspian Capital L.P. (&#8220;<span class=\"xn-location\">Caspian<\/span>&#8220;, &#8220;we&#8221; or &#8220;our&#8221;) today issued the following statement regarding Martin Midstream Partners L.P. (NASDAQ: MMLP) (&#8220;MMLP&#8221; or the &#8220;Company&#8221;):<\/p>\n<p>&#8220;We welcomed MMLP&#8217;s <span class=\"xn-chron\">December 26th<\/span> announcement of the termination of its merger agreement with Martin Resource Management Corporation, and its recognition that unitholders are confident in the value that can be created for unitholders by MMLP continuing to operate as a public, standalone company. We continue to be strong believers in MMLP, and to stand by the potential valuation analyses that we laid out in detail in our prior letters, which are well in excess of the purchase price offered by Martin Resource Management Corporation in the proposed merger. We are gratified that common unitholders will be able to realize the benefit of near- and medium-term developments that we believe will drive value. As a result, we have moved on from our prior efforts to acquire the Company, have ended our work with Nut Tree Capital Management L.P., and have no current plans relating to the control of the Company. We remain focused on monitoring the Company&#8217;s execution and capital allocation, and engaging with the Company on its efforts to maximize value creation for unitholders as a standalone company.&#8221;<\/p>\n<p>\n        <b>About Caspian Capital LP<br \/><\/b>Caspian Capital LP&#8217;s absolute return strategy was founded in 1997 and is focused on performing, stressed, distressed corporate credit, and value equities. <span class=\"xn-location\">Caspian<\/span> currently oversees <span class=\"xn-money\">$4.7 billion<\/span> in assets under management.<\/p>\n<p>\n        <b>Media Contacts<br \/><\/b><br \/>\n        <span class=\"xn-person\">Jonathan Gasthalter<\/span>\/<span class=\"xn-person\">Nathaniel Garnick<\/span><br \/>Gasthalter &amp; Co.<br \/>(212) 257-4170<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY36955&amp;sd=2025-03-11\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/caspian-capital-issues-statement-on-martin-midstream-partners-lp-302398801.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/caspian-capital-issues-statement-on-martin-midstream-partners-lp-302398801.html<\/a><\/p>\n<p>SOURCE  Caspian Capital LP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY36955&amp;Transmission_Id=202503111430PR_NEWS_USPR_____NY36955&amp;DateId=20250311\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , March 11, 2025 \/PRNewswire\/ &#8212; Caspian Capital L.P. (&#8220;Caspian&#8220;, &#8220;we&#8221; or &#8220;our&#8221;) today issued the following statement regarding Martin Midstream Partners L.P. (NASDAQ: MMLP) (&#8220;MMLP&#8221; or the &#8220;Company&#8221;): &#8220;We welcomed MMLP&#8217;s December 26th announcement of the termination of its merger agreement with Martin Resource Management Corporation, and its recognition that unitholders are confident in the value that can be created for unitholders by MMLP continuing to operate as a public, standalone company. We continue to be strong believers in MMLP, and to stand by the potential valuation analyses that we laid out in detail in our prior letters, which are well in excess of the purchase price offered by Martin Resource Management Corporation in the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Caspian Capital Issues Statement on Martin Midstream Partners L.P.&#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-824425","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Caspian Capital Issues Statement on Martin Midstream Partners L.P. - 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\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caspian Capital Issues Statement on Martin Midstream Partners L.P. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , March 11, 2025 \/PRNewswire\/ &#8212; Caspian Capital L.P. (&#8220;Caspian&#8220;, &#8220;we&#8221; or &#8220;our&#8221;) today issued the following statement regarding Martin Midstream Partners L.P. (NASDAQ: MMLP) (&#8220;MMLP&#8221; or the &#8220;Company&#8221;): &#8220;We welcomed MMLP&#8217;s December 26th announcement of the termination of its merger agreement with Martin Resource Management Corporation, and its recognition that unitholders are confident in the value that can be created for unitholders by MMLP continuing to operate as a public, standalone company. We continue to be strong believers in MMLP, and to stand by the potential valuation analyses that we laid out in detail in our prior letters, which are well in excess of the purchase price offered by Martin Resource Management Corporation in the &hellip; Continue reading &quot;Caspian Capital Issues Statement on Martin Midstream Partners L.P.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T18:33:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY36955&amp;sd=2025-03-11\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Caspian Capital Issues Statement on Martin Midstream Partners L.P.\",\"datePublished\":\"2025-03-11T18:33:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/\"},\"wordCount\":279,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY36955&amp;sd=2025-03-11\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\\\/\",\"name\":\"Caspian Capital Issues Statement on Martin Midstream Partners L.P. - 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(&#8220;Caspian&#8220;, &#8220;we&#8221; or &#8220;our&#8221;) today issued the following statement regarding Martin Midstream Partners L.P. (NASDAQ: MMLP) (&#8220;MMLP&#8221; or the &#8220;Company&#8221;): &#8220;We welcomed MMLP&#8217;s December 26th announcement of the termination of its merger agreement with Martin Resource Management Corporation, and its recognition that unitholders are confident in the value that can be created for unitholders by MMLP continuing to operate as a public, standalone company. We continue to be strong believers in MMLP, and to stand by the potential valuation analyses that we laid out in detail in our prior letters, which are well in excess of the purchase price offered by Martin Resource Management Corporation in the &hellip; Continue reading \"Caspian Capital Issues Statement on Martin Midstream Partners L.P.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-11T18:33:08+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY36955&amp;sd=2025-03-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Caspian Capital Issues Statement on Martin Midstream Partners L.P.","datePublished":"2025-03-11T18:33:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/"},"wordCount":279,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY36955&amp;sd=2025-03-11","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/caspian-capital-issues-statement-on-martin-midstream-partners-l-p\/","name":"Caspian Capital Issues Statement on Martin Midstream Partners L.P. - 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