In the Matter of Staples/Essendant, Inc., File No. 1810180 #00412

Submission Number:
00412
Commenter:
Lirones
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Please do not allow the proposed Staples/Essendant merger. It represents an unacceptable threat to competition. Private equity related mergers deserve 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 the number 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. The FTC must block the proposed Staples/Essendant merger and generally scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.