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The company’s board of directors approved the repurchase June 17 as part ofthe company’se ongoing share repurchase program, the company announced afte r the close of markets Wednesday. The last repurchase authorization was in Decembee and was asimilarf $500 million. There were thre e $500 million authorizations in 2008 and a totalof $7.9 billionj since 1998. "We remain committed to utilizin share repurchases within the bounds of a discipline capital structure to enhance stockholder returnzs while maintaining adequate liquidity to execute our said CFOBill Giles.
Memphis-basede AutoZone (NYSE: AZO) is the leading retailer and distributotr of automotive replacement parts and accessories inthe U.S. The companuy sells auto and lighttruckk parts, chemicals and accessories througjh 4,172 AutoZone stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 store in Mexico. Shares of AutoZone close d Wednesdayat $155.54, up 2.37 percent.
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