According to Ira and George Gershwin and DuBose and Dorothy Heyward, “Summertime and the livin’ is easy….” Usually, our columns, at this time of year, are lazy expositions of some recent developments in the virtual world of antitrust law. This month we planned to discuss the U.S. Department of Justice Antitrust Division’s Policy Guide to Merger Remedies (PGMR), issued on June 17.1
The PGMR updates the Justice Department’s first set of merger remedy guidelines that had been issued in 2004. The PGMR discusses the Justice Department’s rationale for devising, implementing and enforcing various provisions used to remedy allegedly anticompetitive horizontal and vertical mergers. And then. And then. Along came…the Justice Department’s announcement of the “Chicken Consent.”2
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