Fitch Rates AutoZone 'BBB/F2'; Outlook Stable Jun 27, 2008 03:44PM

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 (AZO) Raises Buyback By $500M, Enters Agreement With Major Holder ESL Jun 26, 2008 07:16AM

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 ...


AutoZone Board Authorizes Additional $500 Million for Share Buybacks; Announces Agreement With Largest Shareholder ESL Investments, Inc. Jun 26, 2008 06:00AM

MEMPHIS, Tenn., June 26, 2008 (PRIME NEWSWIRE) -- AutoZone, Inc. (NYSE: AZO) today 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. Including the additional authorization, the cumulative share repurchase authorization approved by its Board since 1998 totals $6.4 billion. Additionally, as part of the Company's ongoing evaluation of its capital structure, the Company has decided to increase its adjusted debt / EBITDAR leverage metric to at least 2.5x from the previously established 2.1x. The Company believes this will better optimize its current capital structure and also reflect the ongoing strength of its free cash flow generation. AutoZone also announced that it has entered into an agreement with ESL Investments, Inc. (with its affiliates, "ESL") setting forth certain understandings and agreements concerning ESL's continued investment in AutoZone. ESL currently owns approximately 36.2% of ...


Disappointing Earnings for Sears Highlighted in Today's OptionsNews May 29, 2008 10:07AM

CHICAGO--(BUSINESS WIRE)-- OptionsNews, the daily news program on www.onn.tv, today reported on the following companies: Wednesday's option volume for indexes and single stocks registered just over 10 million contracts, lower than the year to date average of 14 million contracts and slightly higher than Tuesday's volume of over 9 1/2 million contracts. The CBOE volatility index, also known as the VIX, ended the day at 19.07, down nearly 3% from Tuesday's close ...


Form 4 AUTONATION INC /FL For: May 23 Filed by: RBS PARTNERS L P /CT May 28, 2008 04:59PM

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5699161




May 28, 2008 04:58PM Form 4 AUTONATION INC /FL For: May 23 Filed by: RBS PARTNERS L P /CT
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