In the Matter of Staples/Essendant, Inc., File No. 1810180 #02673

Submission Number:
02673
Commenter:
Friedman Gregory
State:
California
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC's decision making process on this merger has evidently not taken into account the ability of Staples and Essendant to verbally share crucial information about independent office supply retailers and their contracts. The goal for Staples in this merger is clearly to take contracts away from independent competitors, since they can't do much about Amazon. Such sharing of information goes against anti-trust law, and the merger itself flies in the face of conflict-of-interest considerations. There is also the strong likelihood of Staple's parent company, Sycamore, gutting and selling off their new acquisition, since that has been their standard modus operandi. Why would you approve a merger involving an avowed slash-and-burn investment company? Really?