Lehman Brothers Collection - Contemporary Business Archives

Harvard Business School Baker Library Historical Collections

Lehman Brothers Collection

Twentieth-Century Business Archives

W. W. Grainger, Inc. Deal - Lehman Brothers Collection

W. W. Grainger, Inc.

Company Deal1,340,000 shares of common stock
Transaction TypeCommon Stock
Deal DescriptionW. W. Grainger, Inc., used its portion of the proceeds from this transaction to reduce the company's borrowings under its revolving loan agreement with Continental Illinois National Bank and Trust Company of Chicago. Of the shares offered in this deal, 240,000 were sold by the group of selling shareholders, which consisted of W. W. Grainger, D. W. Grainger, the Grainger Foundation Inc., Josephine Schmidt, Malcolm D. McMillan, and Richard McMillan. The company received no portion of the proceeds from the sale of these shares.
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