FTC Clears Constellation's $175M MXenergy Buy

Law360, New York (June 10, 2011, 3:20 PM EDT) -- The Federal Trade Commission on Friday granted an early termination of its antitrust review of Constellation Energy Group Inc.'s $175 million purchase of MXenergy, a retail natural gas and electricity supplier with about 540,000 customers in the U.S. and Canada.

The FTC said it had accepted the companies' request for an early termination, meaning the agency had completed its antitrust review of the deal and decided not to take any enforcement action during the statutory waiting period.

Baltimore-based Constellation, itself in the midst of being swallowed...
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