In the Matter of Staples/Essendant, Inc., File No. 1810180 #01992

Submission Number:
01992
Commenter:
Michael Hogan
State:
Virginia
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
This merger is just another private equity fund's effort to reduce competition in the U.S. marketplace. The devastation of competition seems to be the only language that these funds understand, and they understand it thoroughly. The reduction in employment, competetive pricing, and consumer choice is driven by their desire to increase their profits by monopolizing. I grew up believing that U.S. law prohibited such actions. It appears that the history I was taught, lo these many years ago, was wrong. If you have the money you get to choose whether or not you can form monopolies and corner the market. I will be profoundly disappointed if yet another piece of our market falls to this practice. My voting will also reflect that disappointment.