In the Matter of Staples/Essendant, Inc., File No. 1810180 #00148

Submission Number:
00148
Commenter:
Eric Arn
State:
Florida
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC must block the Staples/Essendant merger, as it presents an unacceptable threat to competition. Such private equity-related mergers deserve more heightened scrutiny, as private equity funds often remove companies from the markets in which they were situated at time of acquisition, or drastically reduce the scale of their operations, leading to anti-competitive outcomes by reducing competition. Since 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.