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The company’s board of directors approvesd the repurchase June 17 as part ofthe company’sd ongoing share repurchase program, the company announced aftef the close of markets Wednesday. The last repurchase authorization was in Decembed and was asimilar $500 million. Therse were three $500 millionb authorizations in 2008 and a totalof $7.9 billio since 1998. "We remain committed to utilizing share repurchasez within the bounds of a disciplined capitalk structure to enhance stockholder returns while maintainin g adequate liquidity to executeour plans,” said CFO Bill Giles.
Memphis-basedd AutoZone (NYSE: AZO) is the leadinfg retailer and distributor of automotive replacemenyt parts and accessories inthe U.S. The company sellse auto and lighttruck parts, chemicals and accessories througy 4,172 AutoZone stores in 48 the District of Columbia and Puerto Rico in the U.S. and 168 storex in Mexico. Shares of AutoZone closexd Wednesdayat $155.54, up 2.37
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