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Asbury Automotive authorizes share repurchase

LOS ANGELES, Aug 13 (Reuters) - Asbury Automotive Group Inc. said on Monday that its board had authorized the repurchase of up to two million shares of common stock, to be completed by the end of 2008.

As of June 30, the automotive retail and services company had approximately 32.6 million shares of common stock outstanding.

(Reporting by Alexandria Sage)