AutoZone (AZO) Board Authorizes Additional $500 Million for Share Buybacks
More News related to AZO
- AutoZone to Hold Stockholders' Meeting December 17, 2008
- AutoZone to Release First Quarter Earnings December 9, 2008
- Notable Analyst Rating Changes 11/17: MCD, YUM, NOK Upgraded; WFR, TRA, DELL, DIS, FCX Downgraded
- Citi Initiates Coverage on AutoZone (AZO) with a Buy
- ALLDATA(r)diy.com Continues to Add Additional Makes and Models
More News related to Corporate News
- One Thing Separates Citi (C) From Bear and Lehman, Is It Enough?
- Merrill Smacks Down the REIT Space: Downgrades 29 Stocks, Upgrades 2
- Gold Jumps 7%, Closing In On $800/Oz
- Jim Cramer Sells His SPDR Gold Trust (ETF) (GLD)
- General Electric (GE) Sees More Insider Buying
AutoZone (NYSE: AZO) announced that its Board has authorized the repurchase of an additional $500 million of the Company's common stock. Including the additional authorization, the cumulative share repurchase authorization approved by its Board since 1998 totals $6.9 billion.
AutoZone also announced that Luis P. Nieto was elected to the Company's Board of Directors. Mr. Nieto is President, Consumer Foods for ConAgra Foods Inc., one of the largest packaged foods companies in North America. Prior to joining ConAgra, Mr. Nieto was President and Chief Executive Officer of the Federated Group, a leading private label supplier to the retail grocery and foodservice industries from 2002 to 2005.
AutoZone sells auto and light truck parts, chemicals and accessories through 4,092 AutoZone stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 148 stores in Mexico.
Subscribe to EasyStockAlerts.com & Get
real-time e-mail alerts when news hits your stocks!
Related Categories
Corporate NewsStock Buybacks
Stocks Mentioned
+3.32Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
