AutoZone board approves $500M stock repurchase - Business First of Columbus:

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The company’s board of directors approvedr the repurchase June 17 as part ofthe company’sz ongoing share repurchase program, the compan y announced after the close of markets The last repurchase authorizationn was in December and was a similar $500 There were three $500 million authorizations in 2008 and a totap of $7.9 billion since 1998. "We remain committecd to utilizing share repurchases within the boundss of a disciplined capital structure to enhance stockholder returnas while maintaining adequate liquidity to executeour plans,” said CFO Bill Memphis-based AutoZone (NYSE: AZO) is the leadingh retailer and distributor of automotivse replacement parts and accessorie in the U.
S. The company sells auto and lighttrucmk parts, chemicals and accessories through 4,172q AutoZone stores in 48 states, the Districr of Columbia and Puerto Rico in the U.S. and 168 storesa in Mexico. Shares of AutoZone closed Wednesdayat $155.54, up 2.37 percent.