In the Matter of Staples/Essendant, Inc., File No. 1810180
This proposal bears a strong resemblance to those of Sears, Toys-R-Us, Nine West, Aeropostale, and many others. None of those deals has ended satisfactorily for stakeholders other than those in the investment fund itself. I see no reason to privilege them over the employees, customers, suppliers, and neighbors of a functioning business like Staples. I recommend rejecting the merger.