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Announced

Martin Resource Management to acquire the remaining share in Martin Midstream Partners for $132m.

Synopsis

Martin Resource Management, a provider of transportation, terminalling, marketing and logistics management services for hydrocarbon products and by-products, chemical and other bulk liquids, agreed to acquire the remaining share in Martin Midstream Partners, a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States, for $132m. The merger agreement provides for an all-cash transaction whereby each holder of the public common units would receive $4.02 per common unit owned.

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