CHICAGO, Dec. 12, 2014 /PRNewswire/ -- Grainger (NYSE: GWW) today announced plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange. Grainger's common stock will continue to be listed on the New York Stock Exchange (NYSE).
Grainger has decided to withdraw its listing from the Chicago Stock Exchange to eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective next month. Grainger does not believe that withdrawing its listing from the Chicago Stock Exchange will have any effect on the liquidity of its common stock. The Chicago Stock Exchange will continue to trade Grainger common stock on an unlisted trading privilege basis.
W.W. Grainger, Inc., with 2013 sales of $9.4 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with operations in Asia, Europe and Latin America.
This document contains forward-looking statements under the federal securities law. Forward-looking statements relate to the company's expected future financial results and business plans, strategies and objectives and are not historical facts. They are generally identified by qualifiers such as "forecasting" or similar expressions. There are risks and uncertainties, the outcome of which could cause the company's results to differ materially from what is projected. The forward-looking statements should be read in conjunction with the company's most recent annual report, as well as the company's Form 10-K, Form 10-Q and other reports filed with the Securities & Exchange Commission, containing a discussion of the company's business and various factors that may affect it.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grainger-to-withdraw-chicago-stock-exchange-listing-retains-nyse-listing-300009043.html
SOURCE W.W. Grainger, Inc.
Media, Joseph Micucci, O: 847-535-0879, M: 847-830-5328, or Investors, Casey Darby, O: 847-535-0099, M: 847-964-3281