Martin Midstream rises after buyout offer

Martin Midstream Partners LP

24/05/2024 16:00

May 24 (Reuters) -    ** Shares of Martin Midstream
Partners  MMLP.O  rise 3.1% to $3.09
    ** Midstream services provider receives buyout cash offer of
$3.05 per common unit from Martin Resource Management
    ** Martin Resource Management, supplier of products and
services to drilling rig contractors, owns 15.9% stake in MMLP
    ** Offer values the deal at $100.27 mln, according to
Reuters calculation
    ** Including session's moves, MMLP stock is up 28.8% YTD

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))