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The company’s board of directorxs approved the repurchase June 17 as part ofthe company’zs ongoing share repurchase program, the company announced aftef the close of markets Wednesday. The last repurchase authorizatiohn was in December and was asimilar $500 million. Therse were three $500 million authorizations in 2008 and a totalof $7.9 billion since 1998. "We remain committed to utilizingt share repurchases within the bounds of a discipline capital structure to enhance stockholder returns while maintaining adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZonew (NYSE: AZO) is the leading retailee and distributor of automotive replacement parts and accessories inthe U.S. The companhy sells auto and lighttruck parts, chemicals and accessories througj 4,172 AutoZone stores in 48 states, the District of Columbiaq and Puerto Rico in the U.S. and 168 storesx in Mexico. Shares of AutoZone closed Wednesdayat $155.54, up 2.37
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