In the Matter of Staples/Essendant, Inc., File No. 1810180 #00937

Submission Number:
00937
Commenter:
Linda Cowgill
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC must block the Staples/Essendant merger. This merger is a threat to competition. Private equity funds often remove companies from their markets at time of acquisition, or drastically reduce the scale of their operations and leading to anti-competitive outcomes. After the great recession, private equity funds have turned to acquisitions to increase profits. This comes at the expense of a company's ability to compete, retain market share, and keep employees. They load companies with debt and they are unable to survive. The FTC must stop the Staples/Essendant merger and scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.