Caspian Capital Issues Statement on Martin Midstream Partners L.P.
Caspian Capital LP has released a statement regarding Martin Midstream Partners L.P. (NASDAQ: MMLP), expressing support for MMLP's December 26th decision to terminate its merger agreement with Martin Resource Management
Caspian maintains their belief in MMLP's potential valuation being significantly higher than the previously proposed merger purchase price. The firm has discontinued its acquisition efforts, ended collaboration with Nut Tree Capital Management L.P., and currently has no plans for company control.
Moving forward, Caspian will focus on monitoring MMLP's execution, capital allocation, and engaging with the company to maximize unitholder value as a standalone public entity.
Caspian Capital LP ha rilasciato una dichiarazione riguardo a Martin Midstream Partners L.P. (NASDAQ: MMLP), esprimendo supporto per la decisione di MMLP del 26 dicembre di terminare il suo accordo di fusione con Martin Resource Management.
Caspian mantiene la propria convinzione che la potenziale valutazione di MMLP sia significativamente superiore al prezzo di acquisto proposto per la fusione. La societ脿 ha interrotto i suoi sforzi di acquisizione, ha concluso la collaborazione con Nut Tree Capital Management L.P. e attualmente non ha piani per il controllo dell'azienda.
In futuro, Caspian si concentrer脿 sul monitoraggio dell'esecuzione di MMLP, sull'allocazione del capitale e sul coinvolgimento con l'azienda per massimizzare il valore per gli azionisti come entit脿 pubblica autonoma.
Caspian Capital LP ha emitido un comunicado sobre Martin Midstream Partners L.P. (NASDAQ: MMLP), expresando su apoyo a la decisi贸n de MMLP del 26 de diciembre de terminar su acuerdo de fusi贸n con Martin Resource Management.
Caspian mantiene su creencia de que la valoraci贸n potencial de MMLP es significativamente m谩s alta que el precio de compra propuesto en la fusi贸n. La firma ha discontinuado sus esfuerzos de adquisici贸n, ha finalizado su colaboraci贸n con Nut Tree Capital Management L.P. y actualmente no tiene planes para el control de la empresa.
De cara al futuro, Caspian se enfocar谩 en monitorear la ejecuci贸n de MMLP, la asignaci贸n de capital y en interactuar con la empresa para maximizar el valor para los unitholders como entidad p煤blica independiente.
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旌愳姢頂检晥鞚� MMLP鞚� 鞛犾灛鞝� 臧赌旃橁岸� 鞚挫爠鞐� 鞝滌晥霅� 頃╇硲 甑Г 臧赌瓴╇炒雼� 靸侂嫻頌� 雴掚嫟瓿� 氙筷碃 鞛堨姷雼堧嫟. 鞚� 須岇偓電� 鞚胳垬 雲鸽牓鞚� 欷戨嫧頃橁碃, Nut Tree Capital Management L.P.鞕�鞚� 順戨牓鞚� 膦呺頄堨溂氅� 順勳灛 須岇偓 韱奠牅鞐� 雽�頃� 瓿勴殟鞚� 鞐嗢姷雼堧嫟.
鞎烄溂搿� 旌愳姢頂检晥鞚� MMLP鞚� 鞁ろ枆, 鞛愲掣 氚半秳鞚� 氇媹韯半頃橁碃, 霃呺鞝侅澑 靸侅灔 旮办梾鞙茧靹� 鞙犽嫑頇�雿� 臧赌旃橂ゼ 攴闺寑頇旐晿旮� 鞙勴暣 須岇偓鞕� 靻岉喌頃橂姅 雿� 歆戩頃� 瓴冹瀰雼堧嫟.
Caspian Capital LP a publi茅 un communiqu茅 concernant Martin Midstream Partners L.P. (NASDAQ: MMLP), exprimant son soutien 脿 la d茅cision de MMLP du 26 d茅cembre de mettre fin 脿 son accord de fusion avec Martin Resource Management.
Caspian reste convaincu que la valorisation potentielle de MMLP est significativement sup茅rieure au prix d'achat propos茅 pour la fusion. La soci茅t茅 a interrompu ses efforts d'acquisition, a mis fin 脿 sa collaboration avec Nut Tree Capital Management L.P. et n'a actuellement aucun projet de contr么le de l'entreprise.
脌 l'avenir, Caspian se concentrera sur le suivi de l'ex茅cution de MMLP, l'allocation de capital et l'engagement avec l'entreprise pour maximiser la valeur des d茅tenteurs d'unit茅s en tant qu'entit茅 publique autonome.
Caspian Capital LP hat eine Erkl盲rung zu Martin Midstream Partners L.P. (NASDAQ: MMLP) ver枚ffentlicht und seine Unterst眉tzung f眉r die Entscheidung von MMLP vom 26. Dezember bekundet, das Fusionsabkommen mit Martin Resource Management zu beenden.
Caspian ist weiterhin davon 眉berzeugt, dass die potenzielle Bewertung von MMLP erheblich h枚her ist als der zuvor vorgeschlagene Kaufpreis f眉r die Fusion. Die Firma hat ihre Akquisitionsbem眉hungen eingestellt, die Zusammenarbeit mit Nut Tree Capital Management L.P. beendet und hat derzeit keine Pl盲ne zur Kontrolle des Unternehmens.
In Zukunft wird sich Caspian darauf konzentrieren, die Ausf眉hrung von MMLP, die Kapitalallokation zu 眉berwachen und mit dem Unternehmen in Kontakt zu treten, um den Wert f眉r die Unitholder als eigenst盲ndige 枚ffentliche Einheit zu maximieren.
- Termination of potentially undervalued merger agreement
- Company maintains public listing status
- Strong investor confidence in standalone value creation potential
- None.
"We welcomed MMLP'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 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's execution and capital allocation, and engaging with the Company on its efforts to maximize value creation for unitholders as a standalone company."
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.
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SOURCE Caspian Capital LP
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