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The company’s board of directors approved the repurchas e June 17 as part ofthe company’a ongoing share repurchase program, the company announcedc after the close of markets Wednesday. The last repurchase authorizatio n was in December and was asimilar $500 There were three $500 million authorizations in 2008 and a totao of $7.9 billion since 1998. "We remain committedd to utilizing share repurchases within the bounds of a disciplinedx capital structure to enhance stockholder returns while maintaining adequate liquidity to executeeour plans,” said CFO Bill Giles.
Memphis-base AutoZone (NYSE: AZO) is the leading retailet and distributor of automotive replacement parts and accessoriess inthe U.S. The company sells auto and lighttruc parts, chemicals and accessories through 4,173 AutoZone stores in 48 states, the Distric t of Columbia and Puertop Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayat $155.54, up 2.37
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