At NTI Investor Relations site under "Governance" you will see the "Charter" of the Conflicts committee which describes its purpose. There is a lot of law on the partnership's obligation of "Good Faith" owed to its limited partners. This is where class action law firms swarm... as a result most M&A participants do feel an obligation to strike a semi-fair deal. I say most because a judge in the TICC deal recently forced TICC management regarding a M&A transaction to issue a new proxy specifically saying THAT MANAGEMENT HAD COMMITED A BALD FACE LIE in the original proxy about the consideration that management would receive in the deal.
You probably won't see much change in dividend policy once the deal is done. 69 million shares at $17.5 is one billion 200 million bucks. They have to borrow a bundle and will need to pay it back. I personally will sell NTI before the deal closes...I just closed out my WNR position today at a small gain and a small dividend. I can always buy WNR back when and if they change their dividend policy.