UPDATE 3-AutoZone investor ESL to sell 5.6 mln shares


(Recasts first sentence, adds analyst comments, background, byline) By Susan Kelly CHICAGO, Oct 31 (Reuters) - AutoZone Inc. , the largest U.S. auto parts retailer, on Friday said its largest shareholder, ESL Investments Inc., will sell about 5.6 million of the company's stock, or about a fifth of its total stake. The news pressured AutoZone's shares, which fell more than 7 percent, one day after hitting an all-time high. Greenwich, Connecticut-based ESL, a hedge fund whose chairman ...

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