Grainger Board Authorizes Share Repurchase Program
Oct 16, 2006
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Grainger today announced that its board of directors has authorized the repurchase of up to an additional 10 million shares of the company's outstanding common stock. Since 1984, Grainger has returned more than U.S. $1.7 billion to shareholders by repurchasing more than 47 million shares of stock on a split-adjusted basis, reducing the number of shares outstanding by more than 25 percent. Repurchases under the new program are expected to be made from time to time in open market and/or privately negotiated transactions. The repurchased shares will be available for general corporate purposes. The company presently has approximately 86 million shares of common stock outstanding.

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