In the Matter of Staples/Essendant, Inc., File No. 1810180 #00178

Submission Number:
00178
Commenter:
McTague
State:
Florida
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The Staples/Essendant merger is concerning in its potential effects on the economy- from local effects like lost jobs and unemployment, to national effects like reduced competition between office suppliers. As Staples is already a profitable company, and this is a private equity merger, the potential for undesirable economic fallout is even greater- instead of working to grow Staples into a more profitable and competitive company, it is likely to work out like the recent Toys 'R' Us merger, which saw closed stores and tens of thousands of lost jobs, despite the company's previous profitability. At a time when our economy is still recovering from the 'Great Recession,' this kind of merger is the opposite of the sort of activity the Federal Trade Commission should be facilitating. Therefore, I urge you not just to stop the Staples/Essendant merger, but to re-evaluate the effects of private equity mergers on the economy as a whole and consider further regulation of this destructive process. Thank you.