In the Matter of Staples/Essendant, Inc., File No. 1810180 #00122

Submission Number:
00122
Commenter:
Pam Reeves
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC needs to step in and block this Staples/Essendant merger. It presents an unacceptable threat to competition. This,and all private equity related mergers deserve heightened scrutiny. Private equity funds often remove companies from their original arenas or markets or drastically reduce the scale of their operations. This leads to anti-competitive outcomes by reducing the number, type and scope of firms in a given market. After the great recession, private equity funds have turned to acquisitions to increase profits, but this routinely comes at the expense of a company's ability to compete, retain market share, or retain employees. Companies get loaded up with debt and are unable to survive. The FTC needs to stop the Staples/Essendant merger and generally scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.