In the Matter of Staples/Essendant, Inc., File No. 1810180 #01756

Submission Number:
01756
Commenter:
David Miller
State:
Massachusetts
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
I urge the FTC to block the Staples/Essendant merger, as it presents 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. Companies become 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. Thank you for your support.