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The company’s board of directors approved the repurchass June 17 as part ofthe company’s ongoing share repurchase program, the company announced after the closw of markets Wednesday. The last repurchase authorizationn was in December and was asimilard $500 million. There were three $500 millionh authorizations in 2008 and a totalof $7.9 billion sincse 1998. "We remain committed to utilizing share repurchases within the boundws of a disciplined capital structurse to enhance stockholder returns while maintainingy adequate liquidity to execute our said CFOBill Giles.
Memphis-based AutoZone (NYSE: AZO) is the leading retailef and distributor of automotive replacement parts and accessoriess inthe U.S. The company sells auto and lighttruck parts, chemicals and accessories through 4,172 AutoZonse stores in 48 states, the District of Columbia and Puertoo Rico in the U.S. and 168 stores in Shares of AutoZone closed Wednesdayat $155.54, up 2.37 percent.
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