ESL continues to build stake in AutoZone

By Lisa Kerner

Charlotte, N.C., April 22 - ESL Partners, LP bought 74,802 shares of AutoZone, Inc. stock from April 15 through April 17 for just under $9 million using working capital.

The investor and its affiliates beneficially own some 22.92 million shares, or 36.27%, of the company's outstanding shares, a schedule 13D filing with the Securities and Exchange Commission stated.

On April 15, ESL reported the purchase of 803,100 shares of the company's stock between April 8 and April 14 for a total of $93.44 million and a total interest in the company of 36.15%, a prior SEC filing said.

As part of an ongoing review and evaluation of the business, ESL said it may continue to communicate with the board of directors, members of management and/or other stockholders with respect to operational, strategic, financial or governance matters.

According to the filing, ESL may also otherwise work with management and the board to create stockholder value and may suggest potential directors who may or may not be affiliated with ESL.

AutoZone is a Memphis-based automotive parts retailer.

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