** Natgas distribution firm Martin Midstream Partners'
shares fall ~6% to $3.78
** Co on Thursday said it will terminate its previously announced sale to its largest shareholder Martin Resource Management Corp
** Shares lowest since Oct 3. when agreement was first announced
** Martin Resource was set to pay $4.02 per MMLP unit in cash. But the agreement was opposed by hedge funds who said the offer undervalued MMLP
** Hedge funds Nut Tree Capital Management and Caspian Capital had made a competing bid to buy MMLP for $4.50 per unit earlier this year
** Including session's moves, stock is up 57.3% YTD
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。