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<item><link>http://www.alacrastore.com/storecontent/ccbn/B1997260</link><guid isPermaLink="false">ccbn/B1997260</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Diversity of customer base and geographic coverage contributed to the consistency of daily revenue growth, which is running at about #% through Sept. ...

</description><pubDate>10/14/2008 12:05:42 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">106.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Q3 2008 Earnings Conference Call (pre-recorded) Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Q3 2008 Earnings Conference Call (pre-recorded) Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1997260</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1997260</link><guid isPermaLink="false">ccbn/T1997260</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...an update on our key growth initiatives in the United States; third, our operating performance; and last, our cash generation and capital deployment. As I mentioned earlier, daily sales growth for the Company of #% largely consisted of market share gains and price inflation as we expected reported general economic growth to be minimal at best. Sales price inflation contributed about # percentage points to sales growth. Our August price increase in the core business enabled us to proactively get ahead of product cost increases expected from our suppliers later in the year. For the full year we now expect to realize price inflation of about #%. Unlike the first half of the year, foreign exchange from our businesses in Canada and Mexico did not contribute materially to the top line in the quarter and at current levels foreign exchange will most likely be a negative factor going forward. Sales from Lab Safety Supply's acquisition of Highsmith in July contributed about # percentage point to...

</description><pubDate>10/14/2008 11:26:29 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">106.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Q3 2008 Earnings Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Q3 2008 Earnings Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1997260</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1971754</link><guid isPermaLink="false">ccbn/T1971754</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>This Thomson Financial Investext report contains business intelligence generated by analysts at leading research organizations worldwide. Information provided may include trends, sales and earnings forecasts, market share projections, and research and development expenditures. 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Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1971754</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1923853</link><guid isPermaLink="false">ccbn/T1923853</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>This Thomson Financial Investext report contains business intelligence generated by analysts at leading research organizations worldwide. Information provided may include trends, sales and earnings forecasts, market share projections, and research and development expenditures. The database supplements and extends the data found in annual and quarterly reports and is particularly useful for market research, corporate development, competitive analysis, business planning, and financial forecasting.</description><pubDate>8/12/2008 10:07:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Sales Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1923853</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>WW Grainger Inc acquires a minority stake in Asia Pacific Brands India Ltd</title><description>INDIA - WW Grainger Inc Asia Pacific Brands acquired a ##.#% stake in Asia Pacific Brands India Ltd, an electric and household appliances manufacturer and wholesaler, for ###.### mil Indian rupees ($#.# mil US).</description><pubDate>8/2/2008 10:01:27 AM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">04232X</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">04232X</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Asia Pacific Brands India Ltd</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Asia Pacific Brands India Ltd</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/WW_Grainger_Inc_acquires_a_minority_stake_in_Asia_Pacific_Brands_India_Ltd-2001014040</link><guid isPermaLink="false">sdc/2001014040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2001014040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>New York</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Wholesale Trade-Durable Goods</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Electrical apparatus and equip</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>5063</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>IL</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Illinois</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>GWW</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Electronic and Electrical Equipment</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>India</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Electrical industrial apparatus, nec</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>3629</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Private</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>27011001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl facilities maintenance</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Mnfr,whl elec,hsehold app</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1032136001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Aug 2 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ACURR_CODE><sdc:value>US</sdc:value></sdc:fiscal_ACURR_CODE><sdc:fiscal_ADATEFIN><sdc:value>30 Jun 08</sdc:value></sdc:fiscal_ADATEFIN><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>440.95900</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>6688.24700</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>3324.52800</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:fiscal_CURRENCYLONG><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">WW Grainger Inc, headquartered</sdc:value><sdc:value sdc:p="1">in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="2">wholesales facilities</sdc:value><sdc:value sdc:p="3">maintenance products serving</sdc:value><sdc:value sdc:p="4">business and institutions in</sdc:value><sdc:value sdc:p="5">North America. The company was</sdc:value><sdc:value sdc:p="6">founded in 1927 and is</sdc:value><sdc:value sdc:p="7">publicly trading in the New</sdc:value><sdc:value sdc:p="8">York stock exchange.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">WW Grainger Inc, headquartered in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="1">wholesales facilities maintenance products serving business</sdc:value><sdc:value sdc:p="2">and institutions in North America. The company was founded</sdc:value><sdc:value sdc:p="3">in 1927 and is publicly trading in the New York stock</sdc:value><sdc:value sdc:p="4">exchange.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>WW Grainger Inc, headquartered in Lake Forest, Illinois, wholesales facilities maintenance products serving business and institutions in North America. The company was founded in 1927 and is publicly trading in the New York stock exchange.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Asia Pacific Brands India Ltd,</sdc:value><sdc:value sdc:p="1">based in Mumbai, India,</sdc:value><sdc:value sdc:p="2">manufactures and wholesales</sdc:value><sdc:value sdc:p="3">electric and household</sdc:value><sdc:value sdc:p="4">appliances.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Asia Pacific Brands India Ltd, based in Mumbai, India,</sdc:value><sdc:value sdc:p="1">manufactures and wholesales electric and household</sdc:value><sdc:value sdc:p="2">appliances.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Asia Pacific Brands India Ltd, based in Mumbai, India, manufactures and wholesales electric and household appliances.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>Indian Rupee</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>30 Jul 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Wed, 30 Jul 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 07/30/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFF><sdc:value>30 Jul 08</sdc:value></sdc:i_DATEEFF><sdc:i_DATEEFFS><sdc:value>Date Effective: 07/30/2008</sdc:value></sdc:i_DATEEFFS><sdc:i_DATEUNCON><sdc:value>30 Jul 08</sdc:value></sdc:i_DATEUNCON><sdc:i_DESCR><sdc:value>Acq. Part. Int.</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>229.027 Indian Rupee</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>229.02700</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>229.027 Indian Rupee</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>229.02700</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>49.90000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>49.90000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>229.02700</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>229.027 Indian Rupee</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.02400</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>2.72600</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>5.40000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>5.40000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>49.90000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">INDIA - WW Grainger Inc Asia</sdc:value><sdc:value sdc:p="1">Pacific Brands acquired a</sdc:value><sdc:value sdc:p="2">49.9% stake in Asia Pacific</sdc:value><sdc:value sdc:p="3">Brands India Ltd, an electric</sdc:value><sdc:value sdc:p="4">and household appliances</sdc:value><sdc:value sdc:p="5">manufacturer and wholesaler,</sdc:value><sdc:value sdc:p="6">for 229.027 mil Indian rupees</sdc:value><sdc:value sdc:p="7">($5.4 mil US).</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>INDIA - WW Grainger Inc Asia Pacific Brands acquired a 49.9% stake in Asia Pacific Brands India Ltd, an electric and household appliances manufacturer and wholesaler, for 229.027 mil Indian rupees ($5.4 mil US).</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">INDIA - WW Grainger Inc Asia Pacific Brands acquired a 49.9% stake in Asia Pacific Brands</sdc:value><sdc:value sdc:p="1">India Ltd, an electric and household appliances manufacturer and wholesaler, for 229.027</sdc:value><sdc:value sdc:p="2">mil Indian rupees ($5.4 mil US).</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">INDIA - WW Grainger Inc Asia Pacific Brands acquired a 49.9% stake in Asia Pacific Brands India Ltd, an electric and household appliances manufacturer and wholesaler, for 229.027 mil Indian rupees</sdc:value><sdc:value sdc:p="1">($5.4 mil US).</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">INDIA - WW Grainger Inc Asia Pacific Brands acquired a 49.9% stake in Asia Pacific Brands India Ltd, an electric and household appliances</sdc:value><sdc:value sdc:p="1">manufacturer and wholesaler, for 229.027 mil Indian rupees ($5.4 mil US).</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Completed</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>2046.21200</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>440.95900</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>6688.24700</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>3324.52800</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Completed</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">3629:Electrical industrial apparatus, nec</sdc:value><sdc:value sdc:p="1">3639:Household appliances, nec</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>27011001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>United States</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5063</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Illinois</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>GWW</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">3629:Electrical industrial apparatus, nec</sdc:value><sdc:value sdc:p="1">3639:Household appliances, nec</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1032136001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>India</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>3629</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>5.40000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>229.02700</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>5.40000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>2.72600</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1757013</link><guid isPermaLink="false">ccbn/T1757013</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Foreign exchange added another percentage point to sales growth in the quarter, primarily the Canadian dollar's appreciation over the U.S. dollar, which rose dramatically starting in the #### second quarter. Sales were negatively affected by approximately one percentage point due to the timing of the Easter holiday falling in March this year and April last year. Sales in Grainger's branch-based business, which includes operations in the United States, Mexico and China, increased #%. Sales were positively affected by three percentage points from the growth initiatives and negatively affected by approximately one percentage point due to the Easter holiday. In addition, a decline in the sales of seasonal products resulted in about a one percentage point reduction in the sales growth rate for the quarter. Sales in the United States increased #%. The #% sales increase was driven by growth to virtually all customer end markets. Here is a complete list. Government, light manufacturing and commercial...

</description><pubDate>7/16/2008 4:55:27 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger, Inc.</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 W.W. Grainger Earnings Conference Call (pre-recorded)</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00AM ET</ccbn:time><title>Q1 2008 W.W. Grainger Earnings Conference Call (pre-recorded)</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1757013</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1757013</link><guid isPermaLink="false">ccbn/B1757013</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...OpEx as a percent of sales moved down from ##.#% in #Q## to ##.#%, led by Grainger Branch-based segment....

</description><pubDate>7/16/2008 4:55:24 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger, Inc</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q1 2008 W.W. Grainger Earnings Conference Call (pre-recorded)</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00AM ET</ccbn:time><title>Q1 2008 W.W. Grainger Earnings Conference Call (pre-recorded)</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1757013</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1832693</link><guid isPermaLink="false">ccbn/T1832693</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Similar to total company results, the timing of the Easter holiday also contributed about # percentage point to the top line. The sales of seasonal products were not a factor in the quarter. Similarly, the flooding that occurred in several states in the Midwestern United States did not affect the sales growth rate for the quarter. Sales in the United States increased #%; this increase was driven by growth to all customer end markets. Here is a complete list -- government was up low double-digits; light manufacturing and commercial were up high single digits; heavy manufacturing, contractor and reseller were up mid-single digits; and retail was up low single digits. On a geographic basis within the United States we saw strong sales growth across all geographic regions with the exception of the Great Lakes and the Southeast which grew in the mid-single digits. Sales in Mexico were up ##% driven primarily by the increased market share coming from our expansion program. In addition, the timing...

</description><pubDate>7/15/2008 10:30:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q2 2008 W.W. Grainger Earnings Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>Q2 2008 W.W. Grainger Earnings Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1832693</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B1832693</link><guid isPermaLink="false">ccbn/B1832693</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...##% sales growth in quarter largely consisted of market share gains as general economic growth was minimal, with US GDP growth expected to be #.#%. ...

</description><pubDate>7/15/2008 10:30:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Q2 2008 W.W. Grainger Earnings Conference Call (pre-recorded) Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>Q2 2008 W.W. Grainger Earnings Conference Call (pre-recorded) Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B1832693</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>Lab Safety Supply Inc acquires Highsmith Inc</title><description>US - Lab Safety Supply Inc, a unit of WW Grainger Inc, acquired Highsmith Inc, a provider of ecommerce retail services. Terms were not disclosed.</description><pubDate>7/12/2008 11:20:39 AM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">50535Z</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">43115Q</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">43115Q</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Lab Safety Supply Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Highsmith Inc</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Highsmith Inc</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Lab_Safety_Supply_Inc_acquires_Highsmith_Inc-1995013020</link><guid isPermaLink="false">sdc/1995013020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1995013020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Business Services</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Information retrieval services</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>7375</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>WI</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Wisconsin</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">5961:Catalog and mail-order houses</sdc:value><sdc:value sdc:p="1">5999:Retail stores, nec</sdc:value><sdc:value sdc:p="2">7375:Information retrieval services</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Miscellaneous Retail Trade</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>United States</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Catalog and mail-order houses</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>5961</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>WI</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Wisconsin</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Private</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>188842002</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl facilities maintenance</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Pvd ecommerce ret svcs</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Unspecified</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1028220001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jul 12 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_AEPS><sdc:value>0.00000</sdc:value></sdc:fiscal_AEPS><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Lab Safety Supply Inc, located</sdc:value><sdc:value sdc:p="1">in Janesville, Wisconsin,</sdc:value><sdc:value sdc:p="2">provides ecommerce retail</sdc:value><sdc:value sdc:p="3">services focused on safety and</sdc:value><sdc:value sdc:p="4">industrial supplies, such as</sdc:value><sdc:value sdc:p="5">air monitors, eyewash</sdc:value><sdc:value sdc:p="6">stations, fire extinguishers</sdc:value><sdc:value sdc:p="7">and cleaning solutions. The</sdc:value><sdc:value sdc:p="8">company was founded in 1973.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Lab Safety Supply Inc, located in Janesville, Wisconsin,</sdc:value><sdc:value sdc:p="1">provides ecommerce retail services focused on safety and</sdc:value><sdc:value sdc:p="2">industrial supplies, such as air monitors, eyewash stations,</sdc:value><sdc:value sdc:p="3">fire extinguishers and cleaning solutions. The company was</sdc:value><sdc:value sdc:p="4">founded in 1973.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Lab Safety Supply Inc, located in Janesville, Wisconsin, provides ecommerce retail services focused on safety and industrial supplies, such as air monitors, eyewash stations, fire extinguishers and cleaning solutions. The company was founded in 1973.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Highsmith Inc, located in Fort</sdc:value><sdc:value sdc:p="1">Atkinson, Wisconsin, provides</sdc:value><sdc:value sdc:p="2">ecommerce retail services</sdc:value><sdc:value sdc:p="3">focused in the library</sdc:value><sdc:value sdc:p="4">equipment, furniture and</sdc:value><sdc:value sdc:p="5">supplies market. The company</sdc:value><sdc:value sdc:p="6">was founded in 1956.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Highsmith Inc, located in Fort Atkinson, Wisconsin, provides</sdc:value><sdc:value sdc:p="1">ecommerce retail services focused in the library equipment,</sdc:value><sdc:value sdc:p="2">furniture and supplies market. The company was founded in</sdc:value><sdc:value sdc:p="3">1956.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Highsmith Inc, located in Fort Atkinson, Wisconsin, provides ecommerce retail services focused in the library equipment, furniture and supplies market. 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Lab Safety Supply Inc, a</sdc:value><sdc:value sdc:p="1">unit of WW Grainger Inc,</sdc:value><sdc:value sdc:p="2">acquired Highsmith Inc, a</sdc:value><sdc:value sdc:p="3">provider of ecommerce retail</sdc:value><sdc:value sdc:p="4">services. Terms were not</sdc:value><sdc:value sdc:p="5">disclosed.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - Lab Safety Supply Inc, a unit of WW Grainger Inc, acquired Highsmith Inc, a provider of ecommerce retail services. Terms were not disclosed.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - Lab Safety Supply Inc, a unit of WW Grainger Inc, acquired Highsmith Inc, a provider</sdc:value><sdc:value sdc:p="1">of ecommerce retail services. Terms were not disclosed.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>US - Lab Safety Supply Inc, a unit of WW Grainger Inc, acquired Highsmith Inc, a provider of ecommerce retail services. Terms were not disclosed.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - Lab Safety Supply Inc, a unit of WW Grainger Inc, acquired Highsmith Inc, a provider of ecommerce retail services. Terms were not</sdc:value><sdc:value 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sdc:p="0">5961:Catalog and mail-order houses</sdc:value><sdc:value sdc:p="1">5999:Retail stores, nec</sdc:value><sdc:value sdc:p="2">7375:Information retrieval services</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>27011001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>United States</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5063</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Illinois</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>GWW</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">5961:Catalog and mail-order houses</sdc:value><sdc:value sdc:p="1">5999:Retail stores, nec</sdc:value><sdc:value sdc:p="2">7375:Information retrieval services</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1028220001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>United States</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>5961</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Wisconsin</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/656185</link><guid isPermaLink="false">spcred/656185</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Summary from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>6/25/2008 6:23:48 PM</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Summary: Grainger (W.W.) Inc.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">656185</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Trading Companies &amp; Distributors</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">United States</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Capital Goods</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">High Technology</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">The investment-grade ratings on Lake Forest, Ill.-based W.W. Grainger Inc. reflect its excellent business position and minimally leveraged financial profile. Grainger is the leading distributor of maintenance, repair, and operating supplies (MRO) and related services to commercial, industrial, contractor, and institutional markets in North America. Grainger offers a very broad product line to a diverse customer base through about 600 branches, roughly 70% of which are located in the U.S. Beyond its traditional industrial-supply operations, Grainger also sells safety supply products through direct marketing and has an integrated supply business. Grainger can provide customers with total outsourcing solutions for MRO needs or with management of MRO product categories, though the company has been winding down the latter business because of</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">384802</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">38480J</spcred:index_entry_primcusip><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">38480K</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">20107010 201070 2010 20</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Grainger (W.W.) Inc.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">101002</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">GWW</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Capital</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">High</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1827912</link><guid isPermaLink="false">ccbn/T1827912</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>... - William Blair -  AnalystGood afternoon. I'm Jeff Germanotta from William Blair's Research Department, and welcome to the Grainger presentation.  We've long considered Grainger to have significant capabilities, such as a leading market position and brand, broad product offering, diverse customer base, strong balance sheet and cash flow. We're bullish on Grainger's long term prospects. Future results should reflect increasing contributions from several important initiatives, including the market expansion program, product line expansion, IT systems enhancement, international growth, and more efficient balance sheet management. We're very pleased to have with us today Grainger's new CEO, Jim Ryan, who will share with us his plans for continued company success....

</description><pubDate>6/18/2008 9:04:00 PM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger at William Blair &amp; Company Growth Stock Conference Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">1:10pm CT</ccbn:time><title>W.W. Grainger at William Blair &amp; Company Growth Stock Conference Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1827912</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_345000</link><guid isPermaLink="false">moodys/COP_345000</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><description>Global Credit Research Credit Opinion ## JUN ####   Credit Opinion: Grainger (W W) Inc. Grainger (W W) Inc. Lake Forest, Illinois, United States Ratings Category Moody's Rating Outlook No Outlook Commercial Paper P-# Contacts Analyst...</description><pubDate>6/14/2008 12:28:26 AM</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Grainger (W W) Inc.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Grainger (W W) Inc.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">345000</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><title>Grainger (W W) Inc.</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_345000</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1832689</link><guid isPermaLink="false">ccbn/T1832689</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Let's quickly look at the remainder of the quarter. June will have ## selling days, the same as ####. The second quarter will have ## selling days, also the same as the #### second quarter. So far in June, sales are trending ahead of the daily sales growth reported in May. Please mark your calendars for June ##th when Jim Ryan, Grainger's CEO and President, will present at the William Blair Growth Stock Conference in Chicago. Jim's presentation will be webcast live at #:## PM Central Daylight Savings Time and will be archived on our website. Please also note that we expect to report second-quarter #### earnings on Tuesday, July ##th at #:## AM Central Daylight Savings Time. If you have any questions, please do not hesitate to contact me at ###-###-####; Laura Brown at ###-###-####; or Nancy Hobor, ###-###-####. Thank you and have a good day. ...

</description><pubDate>6/13/2008 11:36:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Sales Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1832689</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>Acklands-Grainger Inc acquires Excel Industriel</title><description>CANADA - Acklands-Grainger Inc, a unit of WW Grainger Inc, acquired all the outstanding stock of Excel Industriel, a wholesaler of maintenance, repair and operating supplies. Terms were not disclosed.</description><pubDate>6/10/2008 2:27:10 PM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">00474F</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">30057Z</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">30057Z</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Acklands-Grainger Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Excel Industriel</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Excel Industriel</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Acklands_Grainger_Inc_acquires_Excel_Industriel-1985006040</link><guid isPermaLink="false">sdc/1985006040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1985006040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Wholesale Trade-Durable Goods</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Canada</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Automotive parts, supplies</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>5013</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">5013:Automotive parts, supplies</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5531:Auto and home supply stores</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Wholesale Trade-Durable Goods</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>Canada</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Automotive parts, supplies</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>5013</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>FF</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Foreign</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Private</sdc:value></sdc:b_STATUS><sdc:c_ACIDGEN><sdc:value>741230001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl facilities maintenance</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Whl operating supplies</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value>Unspecified</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Stock</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>1015038001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>Jun 10 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>0.00000</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>0.00000</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>0.00000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>0.00000</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.00000</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.00000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>0.00000</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>0.00000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>0.00000</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>0.00000</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>0.00000</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>0.00000</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>0.00000</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_RATE><sdc:value>0.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">Acklands-Grainger Inc, located</sdc:value><sdc:value sdc:p="1">in Richmond Hill, Ontario,</sdc:value><sdc:value sdc:p="2">wholesales maintenance, repair</sdc:value><sdc:value sdc:p="3">and operating supplies,</sdc:value><sdc:value sdc:p="4">including automotive, safety</sdc:value><sdc:value sdc:p="5">material handling, tools, and</sdc:value><sdc:value sdc:p="6">facility maintenance products.</sdc:value><sdc:value sdc:p="7">The company was founded in</sdc:value><sdc:value sdc:p="8">1989.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Acklands-Grainger Inc, located in Richmond Hill, Ontario,</sdc:value><sdc:value sdc:p="1">wholesales maintenance, repair and operating supplies,</sdc:value><sdc:value sdc:p="2">including automotive, safety material handling, tools, and</sdc:value><sdc:value sdc:p="3">facility maintenance products. The company was founded in</sdc:value><sdc:value sdc:p="4">1989.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Acklands-Grainger Inc, located in Richmond Hill, Ontario, wholesales maintenance, repair and operating supplies, including automotive, safety material handling, tools, and facility maintenance products. The company was founded in 1989.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Excel Industriel, located in</sdc:value><sdc:value sdc:p="1">Granby, Quebec, wholesales</sdc:value><sdc:value sdc:p="2">maintenance, repair and</sdc:value><sdc:value sdc:p="3">operating supplies, such as</sdc:value><sdc:value sdc:p="4">cutting tools, abrasives,</sdc:value><sdc:value sdc:p="5">tools and accessories,</sdc:value><sdc:value sdc:p="6">fasteners, bearings, power</sdc:value><sdc:value sdc:p="7">transmission and machine shop</sdc:value><sdc:value sdc:p="8">accessories. The company was</sdc:value><sdc:value sdc:p="9">founded in 1951.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Excel Industriel, located in Granby, Quebec, wholesales</sdc:value><sdc:value sdc:p="1">maintenance, repair and operating supplies, such as cutting</sdc:value><sdc:value sdc:p="2">tools, abrasives, tools and accessories, fasteners,</sdc:value><sdc:value sdc:p="3">bearings, power transmission and machine shop accessories.</sdc:value><sdc:value sdc:p="4">The company was founded in 1951.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Excel Industriel, located in Granby, Quebec, wholesales maintenance, repair and operating supplies, such as cutting tools, abrasives, tools and accessories, fasteners, bearings, power transmission and machine shop accessories. The company was founded in 1951.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>Y</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>09 Jun 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Mon, 09 Jun 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 06/09/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFF><sdc:value>09 Jun 08</sdc:value></sdc:i_DATEEFF><sdc:i_DATEEFFS><sdc:value>Date Effective: 06/09/2008</sdc:value></sdc:i_DATEEFFS><sdc:i_DATEUNCON><sdc:value>09 Jun 08</sdc:value></sdc:i_DATEUNCON><sdc:i_DESCR><sdc:value>Merger</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Friendly</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>0.00000</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>0.00000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>0</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>0.00000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>0.00000</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>0</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>0.00000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>100.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>100.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>0.00000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>0.00000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>0.00000</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>0</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>0.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>0.00000</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>0.00000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>0.00000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>0.00000</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>0.00000</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>0.00000</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>0.00000</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>0.00000</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>100.00000</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>0.00000</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>0.00000</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>0.00000</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>0.00000</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>0.00000</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>0.00000</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>0.00000</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>0.00000</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>0.00000</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00000</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>0.00000</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>0.00000</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>0.00000</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>0.00000</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>0.00000</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>0.00000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>0.00000</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">CANADA - Acklands-Grainger</sdc:value><sdc:value sdc:p="1">Inc, a unit of WW Grainger</sdc:value><sdc:value sdc:p="2">Inc, acquired all the</sdc:value><sdc:value sdc:p="3">outstanding stock of Excel</sdc:value><sdc:value sdc:p="4">Industriel, a wholesaler of</sdc:value><sdc:value sdc:p="5">maintenance, repair and</sdc:value><sdc:value sdc:p="6">operating supplies. Terms were</sdc:value><sdc:value sdc:p="7">not disclosed.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>CANADA - Acklands-Grainger Inc, a unit of WW Grainger Inc, acquired all the outstanding stock of Excel Industriel, a wholesaler of maintenance, repair and operating supplies. Terms were not disclosed.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">CANADA - Acklands-Grainger Inc, a unit of WW Grainger Inc, acquired all the outstanding</sdc:value><sdc:value sdc:p="1">stock of Excel Industriel, a wholesaler of maintenance, repair and operating supplies.</sdc:value><sdc:value sdc:p="2">Terms were not disclosed.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value>CANADA - Acklands-Grainger Inc, a unit of WW Grainger Inc, acquired all the outstanding stock of Excel Industriel, a wholesaler of maintenance, repair and operating supplies. Terms were not disclosed.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">CANADA - Acklands-Grainger Inc, a unit of WW Grainger Inc, acquired all the outstanding stock of Excel Industriel, a wholesaler of</sdc:value><sdc:value sdc:p="1">maintenance, repair and operating supplies. Terms were not 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sdc:p="0">5013:Automotive parts, supplies</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5531:Auto and home supply stores</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>27011001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>United States</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5063</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Illinois</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>GWW</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">5013:Automotive parts, supplies</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5531:Auto and home supply stores</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>1015038001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_NATION><sdc:value>Canada</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>5013</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Foreign</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Private</sdc:value></sdc:upt1_STATUS><sdc:x_RANK1_VALUE><sdc:value>0.00000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>0.00000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>0.00000</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1846207</link><guid isPermaLink="false">ccbn/T1846207</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...Next up is Grainger, and then afterwards we will have a ## minute break. We are going to try to stay strictly on schedule here. With Grainger is Jim Ryan, who will be CEO in June #, I believe. That is what, a week? Congratulations, and with that, it is all yours....

</description><pubDate>5/21/2008 11:05:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger at The Electrical Products Group Conference Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">9:00am ET</ccbn:time><title>W.W. Grainger at The Electrical Products Group Conference Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1846207</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1827896</link><guid isPermaLink="false">ccbn/T1827896</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>This Thomson Financial Investext report contains business intelligence generated by analysts at leading research organizations worldwide. Information provided may include trends, sales and earnings forecasts, market share projections, and research and development expenditures. The database supplements and extends the data found in annual and quarterly reports and is particularly useful for market research, corporate development, competitive analysis, business planning, and financial forecasting.</description><pubDate>5/12/2008 9:04:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Sales Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1827896</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><title>WW Grainger Inc buys back stock</title><description>US - In April ####, the board of WW Grainger Inc (WW), a wholesaler of facilities maintenance products, authorized the repurchase of up to ## mil common shares, or about ##.##% of the company's common stock outstanding, in open market or privately negotiated transactions. Based on WW's closing stock price of $##.## on April ##, the last full trading day prior to the announcement of the boards approval, the buyback had an indicated value of $###.# mil in cash.</description><pubDate>5/2/2008 11:59:23 AM</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">384802</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">WW Grainger Inc</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/WW_Grainger_Inc_buys_back_stock-1974097020</link><guid isPermaLink="false">sdc/1974097020</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>1974097020</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2008, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_EXCHANGE><sdc:value>New York</sdc:value></sdc:a_EXCHANGE><sdc:a_MAINDUSTRY><sdc:value>Wholesale Trade-Durable Goods</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>United States</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Electrical apparatus and equip</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>5063</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>IL</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Illinois</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Public</sdc:value></sdc:a_STATUS><sdc:a_TICKER><sdc:value>GWW</sdc:value></sdc:a_TICKER><sdc:asic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:aupsic_SIC><sdc:b_EXCHANGE><sdc:value>New York</sdc:value></sdc:b_EXCHANGE><sdc:b_MAINDUSTRY><sdc:value>Wholesale Trade-Durable Goods</sdc:value></sdc:b_MAINDUSTRY><sdc:b_NATION><sdc:value>United States</sdc:value></sdc:b_NATION><sdc:b_SICDESC><sdc:value>Electrical apparatus and equip</sdc:value></sdc:b_SICDESC><sdc:b_SICPI><sdc:value>5063</sdc:value></sdc:b_SICPI><sdc:b_STATE><sdc:value>IL</sdc:value></sdc:b_STATE><sdc:b_STATELONG><sdc:value>Illinois</sdc:value></sdc:b_STATELONG><sdc:b_STATUS><sdc:value>Public</sdc:value></sdc:b_STATUS><sdc:b_TICKER><sdc:value>GWW</sdc:value></sdc:b_TICKER><sdc:c_ACIDGEN><sdc:value>27011001</sdc:value></sdc:c_ACIDGEN><sdc:c2up_BUSS><sdc:value>Whl facilities maintenance</sdc:value></sdc:c2up_BUSS><sdc:c3up_BUSS><sdc:value>Whl facilities maintenance</sdc:value></sdc:c3up_BUSS><sdc:co_DESCR><sdc:value sdc:p="0">Cash</sdc:value><sdc:value sdc:p="1">Cash Only</sdc:value></sdc:co_DESCR><sdc:cs_DESCR><sdc:value>Assets</sdc:value></sdc:cs_DESCR><sdc:d_TCIDGEN><sdc:value>27011001</sdc:value></sdc:d_TCIDGEN><sdc:date_lastupdate><sdc:value>May 2 2008</sdc:value></sdc:date_lastupdate><sdc:finbltm_BV><sdc:value>26.01400</sdc:value></sdc:finbltm_BV><sdc:finbltm_CASH><sdc:value>117.42900</sdc:value></sdc:finbltm_CASH><sdc:finbltm_CASHFLOW><sdc:value>827.52300</sdc:value></sdc:finbltm_CASHFLOW><sdc:finbltm_CASHFLOW1><sdc:value>802.65200</sdc:value></sdc:finbltm_CASHFLOW1><sdc:finbltm_CASHFLOW2><sdc:value>696.63900</sdc:value></sdc:finbltm_CASHFLOW2><sdc:finbltm_CASHFLOW3><sdc:value>627.77100</sdc:value></sdc:finbltm_CASHFLOW3><sdc:finbltm_CASHFLOW4><sdc:value>537.78600</sdc:value></sdc:finbltm_CASHFLOW4><sdc:finbltm_CASHFLOW5><sdc:value>476.95000</sdc:value></sdc:finbltm_CASHFLOW5><sdc:finbltm_COMEQ><sdc:value>1990.22700</sdc:value></sdc:finbltm_COMEQ><sdc:finbltm_DEBTRAT><sdc:value>0.36900</sdc:value></sdc:finbltm_DEBTRAT><sdc:finbltm_DSER2><sdc:value>0.17000</sdc:value></sdc:finbltm_DSER2><sdc:finbltm_EBIT><sdc:value>693.89100</sdc:value></sdc:finbltm_EBIT><sdc:finbltm_EPS><sdc:value>5.20000</sdc:value></sdc:finbltm_EPS><sdc:finbltm_NI><sdc:value>432.57100</sdc:value></sdc:finbltm_NI><sdc:finbltm_PTINC><sdc:value>699.54500</sdc:value></sdc:finbltm_PTINC><sdc:finbltm_SALES><sdc:value>6532.40200</sdc:value></sdc:finbltm_SALES><sdc:finbltm_STDEBT><sdc:value>334.10700</sdc:value></sdc:finbltm_STDEBT><sdc:finbltm_TASS><sdc:value>3155.83300</sdc:value></sdc:finbltm_TASS><sdc:fiscal_ADCR><sdc:value>0.00000</sdc:value></sdc:fiscal_ADCR><sdc:fiscal_AEPS><sdc:value>0.00000</sdc:value></sdc:fiscal_AEPS><sdc:fiscal_ANI><sdc:value>0.00000</sdc:value></sdc:fiscal_ANI><sdc:fiscal_APFDCR><sdc:value>0.00000</sdc:value></sdc:fiscal_APFDCR><sdc:fiscal_ASALES><sdc:value>0.00000</sdc:value></sdc:fiscal_ASALES><sdc:fiscal_ATASS><sdc:value>0.00000</sdc:value></sdc:fiscal_ATASS><sdc:fiscal_DATEFIN><sdc:value>31 Mar 08</sdc:value></sdc:fiscal_DATEFIN><sdc:fiscal_FISCAL><sdc:value>31 Dec 07</sdc:value></sdc:fiscal_FISCAL><sdc:fiscal_FISCAL1><sdc:value>31 Dec 06</sdc:value></sdc:fiscal_FISCAL1><sdc:fiscal_FISCAL2><sdc:value>31 Dec 05</sdc:value></sdc:fiscal_FISCAL2><sdc:fiscal_FISCAL3><sdc:value>31 Dec 04</sdc:value></sdc:fiscal_FISCAL3><sdc:fiscal_FISCAL4><sdc:value>31 Dec 03</sdc:value></sdc:fiscal_FISCAL4><sdc:fiscal_RATE><sdc:value>1.00000</sdc:value></sdc:fiscal_RATE><sdc:g_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:g_SEQ><sdc:g_TEST><sdc:value sdc:p="0">WW Grainger Inc, headquartered</sdc:value><sdc:value sdc:p="1">in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="2">wholesales facilities</sdc:value><sdc:value sdc:p="3">maintenance products serving</sdc:value><sdc:value sdc:p="4">business and institutions in</sdc:value><sdc:value sdc:p="5">North America. The company was</sdc:value><sdc:value sdc:p="6">founded in 1927.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">WW Grainger Inc, headquartered in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="1">wholesales facilities maintenance products serving business</sdc:value><sdc:value sdc:p="2">and institutions in North America. The company was founded</sdc:value><sdc:value sdc:p="3">in 1927.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>WW Grainger Inc, headquartered in Lake Forest, Illinois, wholesales facilities maintenance products serving business and institutions in North America. The company was founded in 1927.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">WW Grainger Inc, headquartered</sdc:value><sdc:value sdc:p="1">in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="2">wholesales facilities</sdc:value><sdc:value sdc:p="3">maintenance products serving</sdc:value><sdc:value sdc:p="4">business and institutions in</sdc:value><sdc:value sdc:p="5">North America. The company was</sdc:value><sdc:value sdc:p="6">founded in 1927.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">WW Grainger Inc, headquartered in Lake Forest, Illinois,</sdc:value><sdc:value sdc:p="1">wholesales facilities maintenance products serving business</sdc:value><sdc:value sdc:p="2">and institutions in North America. The company was founded</sdc:value><sdc:value sdc:p="3">in 1927.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>WW Grainger Inc, headquartered in Lake Forest, Illinois, wholesales facilities maintenance products serving business and institutions in North America. The company was founded in 1927.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>78.96000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_CURRENCYLONG><sdc:value>U.S. Dollar</sdc:value></sdc:i_CURRENCYLONG><sdc:i_DATEANN><sdc:value>30 Apr 08</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Wed, 30 Apr 2008 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 04/30/2008</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date Effective:</sdc:value></sdc:i_DATEEFFS><sdc:i_DESCR><sdc:value>Buyback</sdc:value></sdc:i_DESCR><sdc:i_DESCR1><sdc:value>Not Appl.</sdc:value></sdc:i_DESCR1><sdc:i_FEEPCT><sdc:value>0.00000</sdc:value></sdc:i_FEEPCT><sdc:i_FEETOT><sdc:value>0.00000</sdc:value></sdc:i_FEETOT><sdc:i_HOSTAFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTAFEETOT><sdc:i_HOSTENTVAL><sdc:value>6787.42200</sdc:value></sdc:i_HOSTENTVAL><sdc:i_HOSTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTFEETOT><sdc:i_HOSTPR><sdc:value>85.82000</sdc:value></sdc:i_HOSTPR><sdc:i_HOSTPRLABEL><sdc:value>Price/Share</sdc:value></sdc:i_HOSTPRLABEL><sdc:i_HOSTTFEETOT><sdc:value>0.00000</sdc:value></sdc:i_HOSTTFEETOT><sdc:i_HOSTVALUE><sdc:value>858.2 U.S. Dollar</sdc:value></sdc:i_HOSTVALUE><sdc:i_HOSTVALUE1><sdc:value>858.20000</sdc:value></sdc:i_HOSTVALUE1><sdc:i_HOST_EQVAL><sdc:value>6565.84900</sdc:value></sdc:i_HOST_EQVAL><sdc:i_HOST_RANKVAL><sdc:value>858.2 U.S. Dollar</sdc:value></sdc:i_HOST_RANKVAL><sdc:i_HOST_RANKVAL1><sdc:value>858.20000</sdc:value></sdc:i_HOST_RANKVAL1><sdc:i_PCTACQ><sdc:value>0.00000</sdc:value></sdc:i_PCTACQ><sdc:i_PCTOWN><sdc:value>0.00000</sdc:value></sdc:i_PCTOWN><sdc:i_PR><sdc:value>85.82000</sdc:value></sdc:i_PR><sdc:i_PR_INITIAL><sdc:value>85.82000</sdc:value></sdc:i_PR_INITIAL><sdc:i_RANKVAL><sdc:value>1079.77300</sdc:value></sdc:i_RANKVAL><sdc:i_RANK_HOSTRANKVAL><sdc:value>858.2 U.S. Dollar</sdc:value></sdc:i_RANK_HOSTRANKVAL><sdc:i_RATE><sdc:value>1.00000</sdc:value></sdc:i_RATE><sdc:i_STATUS_MMC><sdc:value>N</sdc:value></sdc:i_STATUS_MMC><sdc:i_STGVAL><sdc:value>432.01600</sdc:value></sdc:i_STGVAL><sdc:i_TERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TERMFEE><sdc:i_TFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_TFEEPCT><sdc:i_TFEETOT><sdc:value>0.00000</sdc:value></sdc:i_TFEETOT><sdc:i_TTERMFEE><sdc:value>0.00000</sdc:value></sdc:i_TTERMFEE><sdc:i_VALLIA><sdc:value>0.00000</sdc:value></sdc:i_VALLIA><sdc:i_VALNOLIA><sdc:value>858.20000</sdc:value></sdc:i_VALNOLIA><sdc:i_VALUE><sdc:value>858.20000</sdc:value></sdc:i_VALUE><sdc:j_EQVALCF><sdc:value>7.93400</sdc:value></sdc:j_EQVALCF><sdc:j_EVCF><sdc:value>8.20200</sdc:value></sdc:j_EVCF><sdc:j_EVEBIT><sdc:value>9.78200</sdc:value></sdc:j_EVEBIT><sdc:j_EVNI><sdc:value>15.69100</sdc:value></sdc:j_EVNI><sdc:j_EVSALES><sdc:value>1.03900</sdc:value></sdc:j_EVSALES><sdc:j_MPRICEBOOK><sdc:value>0.00000</sdc:value></sdc:j_MPRICEBOOK><sdc:j_PHELD><sdc:value>0.00000</sdc:value></sdc:j_PHELD><sdc:j_PSOUGHT><sdc:value>12.66400</sdc:value></sdc:j_PSOUGHT><sdc:j_RANKVALCF><sdc:value>8.18900</sdc:value></sdc:j_RANKVALCF><sdc:j_RANKVALEB><sdc:value>9.76600</sdc:value></sdc:j_RANKVALEB><sdc:j_RANKVALNA><sdc:value>3.40500</sdc:value></sdc:j_RANKVALNA><sdc:j_RANKVALNI><sdc:value>15.66600</sdc:value></sdc:j_RANKVALNI><sdc:j_RANKVALSALES><sdc:value>1.03700</sdc:value></sdc:j_RANKVALSALES><sdc:j_VALEB><sdc:value>1.24400</sdc:value></sdc:j_VALEB><sdc:j_VALNI><sdc:value>15.66600</sdc:value></sdc:j_VALNI><sdc:j_VALSALES><sdc:value>1.03700</sdc:value></sdc:j_VALSALES><sdc:m_AMV><sdc:value>0.00000</sdc:value></sdc:m_AMV><sdc:m_CF3YGR><sdc:value>13.07400</sdc:value></sdc:m_CF3YGR><sdc:m_CF5YGR><sdc:value>13.89700</sdc:value></sdc:m_CF5YGR><sdc:m_DCR><sdc:value>0.00200</sdc:value></sdc:m_DCR><sdc:m_ENTVAL><sdc:value>6787.42200</sdc:value></sdc:m_ENTVAL><sdc:m_EPS3YGR><sdc:value>14.31900</sdc:value></sdc:m_EPS3YGR><sdc:m_EPS5YGR><sdc:value>19.04100</sdc:value></sdc:m_EPS5YGR><sdc:m_LTD><sdc:value>4.89500</sdc:value></sdc:m_LTD><sdc:m_MV><sdc:value>0.00000</sdc:value></sdc:m_MV><sdc:m_NETASS><sdc:value>1990.22700</sdc:value></sdc:m_NETASS><sdc:m_NETASS3YGR><sdc:value>-4.26000</sdc:value></sdc:m_NETASS3YGR><sdc:m_NETASS5YGR><sdc:value>3.26400</sdc:value></sdc:m_NETASS5YGR><sdc:m_NI3YGR><sdc:value>10.14000</sdc:value></sdc:m_NI3YGR><sdc:m_NI5YGR><sdc:value>16.64100</sdc:value></sdc:m_NI5YGR><sdc:n_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value><sdc:value sdc:p="9">10.00000</sdc:value><sdc:value sdc:p="10">11.00000</sdc:value><sdc:value sdc:p="11">12.00000</sdc:value><sdc:value sdc:p="12">13.00000</sdc:value><sdc:value sdc:p="13">14.00000</sdc:value><sdc:value sdc:p="14">15.00000</sdc:value><sdc:value sdc:p="15">16.00000</sdc:value><sdc:value sdc:p="16">17.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">US - In April 2008, the board</sdc:value><sdc:value sdc:p="1">of WW Grainger Inc (WW), a</sdc:value><sdc:value sdc:p="2">wholesaler of facilities</sdc:value><sdc:value sdc:p="3">maintenance products,</sdc:value><sdc:value sdc:p="4">authorized the repurchase of</sdc:value><sdc:value sdc:p="5">up to 10 mil common shares, or</sdc:value><sdc:value sdc:p="6">about 12.66% of the company's</sdc:value><sdc:value sdc:p="7">common stock outstanding, in</sdc:value><sdc:value sdc:p="8">open market or privately</sdc:value><sdc:value sdc:p="9">negotiated transactions. Based</sdc:value><sdc:value sdc:p="10">on WW's closing stock price of</sdc:value><sdc:value sdc:p="11">$85.82 on April 29, the last</sdc:value><sdc:value sdc:p="12">full trading day prior to the</sdc:value><sdc:value sdc:p="13">announcement of the boards</sdc:value><sdc:value sdc:p="14">approval, the buyback had an</sdc:value><sdc:value sdc:p="15">indicated value of $858.2 mil</sdc:value><sdc:value sdc:p="16">in cash.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>US - In April 2008, the board of WW Grainger Inc (WW), a wholesaler of facilities maintenance products, authorized the repurchase of up to 10 mil common shares, or about 12.66% of the company's common stock outstanding, in open market or privately negotiated transactions. Based on WW's closing stock price of $85.82 on April 29, the last full trading day prior to the announcement of the boards approval, the buyback had an indicated value of $858.2 mil in cash.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">US - In April 2008, the board of WW Grainger Inc (WW), a wholesaler of facilities</sdc:value><sdc:value sdc:p="1">maintenance products, authorized the repurchase of up to 10 mil common shares, or about</sdc:value><sdc:value sdc:p="2">12.66% of the company's common stock outstanding, in open market or privately negotiated</sdc:value><sdc:value sdc:p="3">transactions. Based on WW's closing stock price of $85.82 on April 29, the last full</sdc:value><sdc:value sdc:p="4">trading day prior to the announcement of the boards approval, the buyback had an indicated</sdc:value><sdc:value sdc:p="5">value of $858.2 mil in cash.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">US - In April 2008, the board of WW Grainger Inc (WW), a wholesaler of facilities maintenance products, authorized the repurchase of up to 10 mil common shares, or about 12.66% of the company's common</sdc:value><sdc:value sdc:p="1">stock outstanding, in open market or privately negotiated transactions. Based on WW's closing stock price of $85.82 on April 29, the last full trading day prior to the announcement of the boards</sdc:value><sdc:value sdc:p="2">approval, the buyback had an indicated value of $858.2 mil in cash.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">US - In April 2008, the board of WW Grainger Inc (WW), a wholesaler of facilities maintenance products, authorized the repurchase of up</sdc:value><sdc:value sdc:p="1">to 10 mil common shares, or about 12.66% of the company's common stock outstanding, in open market or privately negotiated transactions.</sdc:value><sdc:value sdc:p="2">Based on WW's closing stock price of $85.82 on April 29, the last full trading day prior to the announcement of the boards approval, the</sdc:value><sdc:value sdc:p="3">buyback had an indicated value of $858.2 mil in cash.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Intended</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>26.01400</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>827.52300</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>802.65200</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>696.63900</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>627.77100</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>537.78600</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>476.95000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>1990.22700</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>693.89100</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>4.94000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>4.24000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>3.78000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>3.13000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>2.46000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>5.20000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>1990.22700</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>2098.10800</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>2177.61500</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>2288.97600</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>2067.97000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>1845.13500</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>420.12000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>383.39900</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>346.32400</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>286.92300</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>226.97100</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>432.57100</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>679.84500</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>600.06300</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>529.86500</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>444.14300</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>383.37800</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>699.54500</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>6418.01400</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>5883.65400</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>5526.63600</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>5049.78500</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>4667.01400</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>6532.40200</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>3155.83300</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>3039.37000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>2997.29500</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>3103.54800</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>2790.70200</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>2604.38200</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Intended</sdc:value></sdc:q_STATUS><sdc:r_CURR_CODE><sdc:value>US</sdc:value></sdc:r_CURR_CODE><sdc:r_PE><sdc:value>16.50400</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>16.504</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.10700</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>3.29900</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>3.299</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>13.27200</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>15.39700</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>21.73500</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>7.76300</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>8.29100</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>1990.22700</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>-1.03900</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>3.93700</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>8.18900</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>9.76600</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>3.40500</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:sic_SIC><sdc:upa_UPACIDGEN><sdc:value>27011001</sdc:value></sdc:upa_UPACIDGEN><sdc:upa1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upa1_EXCHANGE><sdc:upa1_NATION><sdc:value>United States</sdc:value></sdc:upa1_NATION><sdc:upa1_SICP><sdc:value>5063</sdc:value></sdc:upa1_SICP><sdc:upa1_STATE><sdc:value>Illinois</sdc:value></sdc:upa1_STATE><sdc:upa1_STATUS><sdc:value>Public</sdc:value></sdc:upa1_STATUS><sdc:upa1_TICKER><sdc:value>GWW</sdc:value></sdc:upa1_TICKER><sdc:upsic_SIC><sdc:value sdc:p="0">3564:Industrial and commercial fans and blowers</sdc:value><sdc:value sdc:p="1">5063:Electrical apparatus and equip</sdc:value><sdc:value sdc:p="2">5064:Electrical appliances, television and radio sets</sdc:value><sdc:value sdc:p="3">5072:Hardware</sdc:value><sdc:value sdc:p="4">5075:Warm air heating and air-conditioning equipment</sdc:value><sdc:value sdc:p="5">5084:Industrial machinery and equipment</sdc:value></sdc:upsic_SIC><sdc:upt_UPTCIDGEN><sdc:value>27011001</sdc:value></sdc:upt_UPTCIDGEN><sdc:upt1_EXCHANGE><sdc:value>New York</sdc:value></sdc:upt1_EXCHANGE><sdc:upt1_NATION><sdc:value>United States</sdc:value></sdc:upt1_NATION><sdc:upt1_SICP><sdc:value>5063</sdc:value></sdc:upt1_SICP><sdc:upt1_STATE><sdc:value>Illinois</sdc:value></sdc:upt1_STATE><sdc:upt1_STATUS><sdc:value>Public</sdc:value></sdc:upt1_STATUS><sdc:upt1_TICKER><sdc:value>GWW</sdc:value></sdc:upt1_TICKER><sdc:x_RANK1_VALUE><sdc:value>858.20000</sdc:value></sdc:x_RANK1_VALUE><sdc:x_RANK_HOSTRANKVAL><sdc:value>858.20000</sdc:value></sdc:x_RANK_HOSTRANKVAL><sdc:x_RANK_RANKVAL><sdc:value>858.20000</sdc:value></sdc:x_RANK_RANKVAL><sdc:x_rank_rankstgval><sdc:value>432.01600</sdc:value></sdc:x_rank_rankstgval></sdc:deal><category>Deal Information</category><alacra:ip>TF Mergers &amp; Acquisitions</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1757010</link><guid isPermaLink="false">ccbn/T1757010</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>...As mentioned earlier, please also note that the Easter holiday falls in March of this year, in #### Easter was in April. While the Company will be open for business on Good Friday, March ##st, traditionally sales volume is light. We expect to release first-quarter earnings on Monday April ##th. If you have any questions regarding February's performance, please do not hesitate to contact me at ###-###-####, Bill Chapman at ###-###-####, or Nancy Hobor at ###-###-####. ...

</description><pubDate>3/12/2008 9:04:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Sales Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1757010</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T1757006</link><guid isPermaLink="false">ccbn/T1757006</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><description>W.W. Grainger Sales Conference Call (pre-recorded)</description><pubDate>2/12/2008 9:06:00 AM</pubDate><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">W.W. Grainger Sales Conference Call (pre-recorded) Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">GWW</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">8:00am ET</ccbn:time><title>W.W. Grainger Sales Conference Call (pre-recorded) Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T1757006</ccbn:docid><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item></channel></rss>