Martin Midstream Partners L.P. (MMLP) entered into a merger agreement on October 3, 2024, to be acquired by Martin Resource Management Corporation (MRMC) for about $729.08 million in cash.
As per the merger agreement, each holder of the public common units of Martin Midstream would receive $4.02 per common unit owned, representing a premium of 11.67% from the stock’s last close.