CHICAGO, April 29 /PRNewswire/ -- The directors of W.W. Grainger, Inc.
(NYSE: GWW; CHX) today restored an existing share repurchase authorization to
its original level of five million shares. Prior to this authorization, less
than two million shares remained available for repurchase. The number of
shares will be adjusted for the May 1998 2-for-1 stock split announced today,
as well as any subsequent stock splits. Repurchases are expected to be made
from time to time in open market and privately negotiated transactions. The
repurchased shares will be available for general corporate purposes. The
Company presently has 48.8 million shares of common stock outstanding.
W.W. Grainger, Inc. (GWW), with 1997 sales of $4.1 billion, is the leading
distributor of maintenance, repair, and operating (MRO) supplies and related
information to the commercial, industrial, contractor, and institutional
markets in North America. GWW shares are traded on the New York and Chicago
stock exchanges.
SOURCE W.W. Grainger, Inc.
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CONTACT:
G.J. Sinclair, Investor Relations Coordinator
of W.W. Grainger, Inc., 847-793-6444
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