Tuesday, November 30, 2010

AutoZone board approves $500M stock repurchase - Pacific Business News (Honolulu):

http://palmeraprojects.org/news/article/palmera-projects-launches-first-big-event-for-2010-a-celebration-of-freedom/
The company’s board of directors approve the repurchase June 17 as part ofthe company’s ongoing share repurchase program, the company announcefd after the close of markets The last repurchase authorization was in Decembef and was a similar $500 million. There were thred $500 million authorizations in 2008 and a totalof $7.9 billion since 1998. "We remain committed to utilizing share repurchase s within the bounds of a disciplined capitall structure to enhance stockholder returnz while maintaining adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leadinvg retailer and distributor of automotive replacement partw and accessories inthe U.S. The company sells auto and lightgtruck parts, chemicals and accessories throug h 4,172 AutoZone stores in 48 the District of Columbia and Puertk Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayat $155.54, up 2.37

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