Kirkland Represents Special Committee of the Board of Directors of MSC Industrial on Proposal from Controlling Shareholders

Kirkland & Ellis is advising the special committee of the board of directors of MSC Industrial Supply Co. (NYSE: MSM), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations products and services, which today confirmed it has received a proposal from its controlling shareholders, the Jacobson/Gershwind family, to exchange its high-voting Class B shares (10 votes per share) for Class A shares (1 vote per share) and eliminate the current dual-class share structure. The proposal is that each Class B share be exchanged for 1.35 Class A shares. The proposal states that the family expects to remain MSC’s largest shareholder, whether or not the proposed transaction occurs.

Read more in the MSC press release

The Kirkland team is led by corporate partners Jonathan Davis, Lukas Richards and Daniel Wolf.