In the Matter of Staples/Essendant, Inc., File No. 1810180 #02190

Submission Number:
02190
Commenter:
Russ DiBello
State:
New York
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Please block this Staples/Essendant merger, Vulture capitalism is killing American business, and by rights, should be illegal. It is only a matter of time before Staples (like so many other companies, including Toys R Us) gets loaded-up with other companies' debts and despite making money, becomes mathematically impossible to turn a profit. Then, the company is bankrupted. Thousands lose jobs and great businesses die, all in the name of "extracting value". The FTC must stop the Staples/Essendant merger and generally scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.