In the Matter of Staples/Essendant, Inc., File No. 1810180 #01031

Submission Number:
01031
Commenter:
Fred Oswald
State:
Arizona
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC should block the proposed Staples/Essendant merger because it is an unacceptable threat to competition. Private equity related mergers require heightened scrutiny as private equity funds often remove companies from the markets 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. Since the recent 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. Companies get loaded up with debt and are unable to survive. The FTC needs to stop the Staples/Essendant merger and generally scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.