AutoZone Inc. (AZO) has authorized the repurchase of an additional $500 million of its common stock under its ongoing share repurchase program on top of an authorization of another $500 million in September this year. Since the inception of the share repurchase program in 1998, AutoZone has authorized the repurchase of $9.9 billion worth of shares (including the new authorization). From January 1, 1998 to November 20, 2010, the company has repurchased 123 million shares at an aggregate cost of $9 billion. As of November 20, 2010, AutoZone had $385.8 million worth of stock remaining under the Board’s authorization for repurchase. Subsequent to the above date, the company has repurchased 327,900 shares of its common stock at an aggregate cost of $84.8 million. AutoZone’s share repurchase program has been supported
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