Constellation Energy, the listed, Baltimore-based energy company, will buy MXenergy in an all-cash deal totaling $175 million. Denham Capital Management, Charterhouse Group and Sempra Energy Trading have each thrown their support behind the transaction. BofA Merrill Lynch acted as financial adviser to MXenergy on the transaction as well as on the replacement and termination of the Sempra Energy Trading supply facility, and Duff & Phelps delivered a fairness opinion to the MXenergy Board of Directors.
