In the Matter of Staples/Essendant, Inc., File No. 1810180 #02457

Submission Number:
02457
Commenter:
Douglas Godfrey
State:
Massachusetts
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Allowing a Hedge Fund to gut another company cannot be in the Government's interest when Pension and Health Care obligations are passed to the Government and taxes are not paid. Staples will be loaded up with debt and then will declare bankruptcy and the Government will loose all of Stable's taxes and have to assume all pension and health care obligations as well as unemployment insurance. Please reject this takeover.