AutoZone board approves $500M stock repurchase - Los Angeles Business from bizjournals:

torbjorntrainer1738.blogspot.com
The company’s board of directors approved the repurchases June 17 as part ofthe company’ws ongoing share repurchase program, the companyy announced after the close of marketds Wednesday. The last repurchase authorization was in Decembere and was a similar $500 million. There were three $500 millionn authorizations in 2008 and a total of $7.9 billion since 1998. "Wed remain committed to utilizing share repurchases withibn the bounds of a disciplinedx capital structure to enhance stockholde r returns while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadinh retailer and distributor of automotive replacemenrt parts and accessories in the U.
S. The company sellsx auto and lighttruck parts, chemicals and accessoried through 4,172 AutoZone stores in 48 states, the Districf of Columbia and Puerto Rico in the U.S. and 168 storea in Mexico. Shares of AutoZonee closed Wednesdayat $155.54, up 2.37 percent.