Dec 18 (Reuters) - Martin Midstream Partners ( MMLP )

said on Wednesday that proxy advisory firm Glass Lewis has

recommended the energy infrastructure firm's unitholders to vote

for the company's proposed buyout deal with Martin Resource

Management Corp.

The announcement of the Glass Lewis report comes days after

Martin Midstream ( MMLP ) had said that another proxy advisory firm

Institutional Shareholder Services (ISS) had also recommended a

positive vote for the deal.

However, two hedge funds Nut Tree Capital Management and

Caspian Capital, holding 13.6% of Martin Midstream ( MMLP ), are

promoting a rival bid and urging shareholders to vote against

the deal.

The two hedge funds have argued that a $4.02 per common unit

deal undervalues the company.

The unitholder meet is scheduled for Dec. 30.

Martin Midstream ( MMLP ) agreed to a $157 million deal with Martin

Resource in October.

Martin Midstream ( MMLP ), which focuses on storing and transporting

fuels, said Glass Lewis has reported the merger represents an

"attractive exit valuation and premium for the company's

unaffiliated unitholders".

Nut Tree, Caspian, Glass Lewis and ISS did not immediately

respond to requests for comment.