In the Matter of Staples/Essendant, Inc., File No. 1810180 #01988

Submission Number:
01988
Commenter:
stacy rauh
State:
New York
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Enough with sucking life out of companies. Enough of loading companies with debt that they cannot function, but the equity funds/hedge funds or vulture funds get their every last penny out of the harmed company before killing the beast. Mergers hurt the consumer and should not be permitted to reduce competition. Companies like staples, office max, office depot etc have already caused smaller, local suppliers to shutter their doors. As a consumer, I used to have a choice as to who got my business. Not anymore and I don't like it. I am not alone. These financial groups that 'invest' (not the term I would use) in these companies have no concern whatsoever for the actual company they are buying- they only care how much money they can wring out of it. That is part of the problem. STOP THE MERGERS!