AutoZone board approves $500M stock repurchase - Business Courier of Cincinnati:

oryucyjofec1482.blogspot.com
The company’s board of directors approved the repurchasre June 17 as part ofthe company’ws ongoing share repurchase program, the companyh announced after the close of marketx Wednesday. The last repurchase authorization was in December and was asimilatr $500 million. There were three $500 millionn authorizations in 2008 and a totalof $7.9 billionm since 1998. "We remainb committed to utilizing share repurchases withinn the bounds of a disciplined capital structure to enhance stockholder returnzs while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leading retaile r and distributor of automotive replacement parts and accessoriees in the U.
S. The compangy sells auto and lighttruck parts, chemicals and accessories through 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 stores in Mexico. Shares of AutoZone closed Wednesdatat $155.54, up 2.37 percent.