In the Matter of Staples/Essendant, Inc., File No. 1810180 #00831

Submission Number:
00831
Commenter:
Robert Aronson
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
I think the FTC should reject the proposed Staples/Essendant merger. It will significantly reduce competition. The buyer is a private equity fund, and they will load up the new company with debt that can't be serviced by the income of the new merged company, leading to massive job losses. This bad outcome is easy to predict: what is past is prologue. The FTC should include an analysis of the anti-competitive practices of private equity funds when reviewing such mergers. Thank you for considering my opinion.