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The company’s board of directors approved the repurchasre June 17 as part ofthe company’s ongoing share repurchas e program, the company announced after the closse of markets Wednesday. The last repurchase authorization was in Decemberf and was asimilar $500 There were three $500 milliobn authorizations in 2008 and a tota of $7.9 billion since 1998. "We remain committed to utilizing share repurchases within the bounds of a disciplined capita l structure to enhance stockholder returns while maintaininfg adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leadingb retailer and distributor of automotive replacement parts and accessories inthe U.S. The company sells auto and lighttruck parts, chemicals and accessoriew through 4,172 AutoZone stores in 48 states, the Distric t of Columbia and Puerto Rico in the U.S. and 168 stores in Mexico. Shares of AutoZone closed Wednesdayat $155.54, up 2.37
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