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The company’s board of directorzs approved the repurchase June 17 as part ofthe company’as ongoing share repurchase program, the company announcec after the close of marketsd Wednesday. The last repurchase authorization was in Decembetr and was asimilar $500 There were three $500 million authorizationse in 2008 and a total of $7.9 billion since 1998. "Ww remain committed to utilizing share repurchasesx within the bounds of a disciplined capita l structure to enhance stockholdetr returns while maintaining adequate liquidity to executseour plans,” said CFO Bill Giles.
Memphis-bases AutoZone (NYSE: AZO) is the leading retailer and distributor of automotive replacementf parts and accessories inthe U.S. The compang sells auto and light truck chemicals and accessoriesthrough 4,172 AutoZones stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 storesx in Mexico. Shares of AutoZone closed Wednesday at up 2.37 percent.
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