In the Matter of Staples/Essendant, Inc., File No. 1810180 #01916

Submission Number:
01916
Commenter:
Anonymous
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The proposed merger is not a merger so much as a form of parasitism, where reasonably healthy retail chains are merged, systematically drained of resources, and saddled with unsustainable debt (as previously happened with the Toys'R'Us chain) until they finally collapse, costing thousands of jobs, billions in tax revenue, and a loss of market competition that raises prices for consumers. Since the business at issue are leading office supply chains, the end result will be higher costs for a multitude of businesses, creating inflationary effects and further economic damage. It is very difficult to see how this progression would benefit anyone other than the shareholders of these two companies. The public and the economy at large would pay a high price for the profit of a few. For that reason alone, the Commission should reject this merger.