ESL Investments

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MEMPHIS, Tenn., Aug. 18, 2008 (GLOBE NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today announced the election of Robert R. Grusky and William C. Crowley to the AutoZone Board of Directors. In accordance with the recently announced agreement with its largest shareholder, ESL Investments, Inc., the Company agreed to add three new directors to the Board, two of whom were to be identified by ESL. Pursuant to the terms of this agreement, Messrs. Grusky and Crowley were identified by ESL. The Company expects to name the third new board member by the annual stockholders' meeting to be held in December. In 2000, Mr. Grusky founded Hope Capital Management, LLC, an investment firm for which he serves as Managing Member. He also co-founded New Mountain Capital, LLC, a private equity ...

Eddie Lampert's RBS Partners 13F is ...

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has assigned ratings on AutoZone, Inc. (AutoZone) as follows: --Long-term Issuer Default Rating (IDR) 'BBB'; --Bank credit facility 'BBB'; --Term loan 'BBB'; --Senior unsecured notes 'BBB'; --Short-term IDR 'F2'; --Commercial Paper 'F2'. The Rating Outlook is Stable. AutoZone had $1.9 billion in debt outstanding at May 3, 2008. The ratings reflect AutoZone's leading position in the retail auto parts and accessories aftermarket, its broad geographic reach, and stable operating performance and cash flow generation. The ratings also consider the challenging ...

AutoZone, Inc. (NYSE: AZO) announced that its Board of Directors has authorized the repurchase of an additional $500 million of the Company's stock, bringing its current unused repurchase authorization to $608 million.

Additionally, as part of the Company's ongoing evaluation of its capital structure, the Company has decided to increase its adjusted debt / EBITDAR leverage ...