In the Matter of Staples/Essendant, Inc., File No. 1810180 #00371

Submission Number:
00371
Commenter:
Linda Sleffel
State:
Ohio
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC must block the Staples-Essendant merger. Staples is already closing stores and laying off employees. Private equity funds have a record of withdrawing all the profits from companies they buy, and then sending them into bankruptcy. Private equity wins; previously profitable companies lose; employees lose. And customers lose because without competition, businesses raise prices. The philosophy that has been followed for decades that mergers are good for consumers is clearly false. Prices may fall in the short term, but they will rise in the long term. Look at what has happened with the airline industry. Startup airlines offer cheaper prices, but the larger ones can afford to lower their prices enough to put them out of business. Then prices go up again, and customers have no more choices than before. Please don't allow the Staples-Essendant merger to do to Staples what happened to Toys-R-Us and Sears. Please do not allow this merger to go through. Thank you for considering my comments.