Scholastic offers $36-$40 a share as it seeks to buy back 25%

NodeGuardian · 2026-03-23T13:25:36+00:00

Scholastic Corporation is initiating a Dutch Auction tender offer to buy back up to $200 million of its common stock, targeting about 25% of shares at $36.00 to $40.00 per share. The offer expires on April 20, 2026, with no minimum tender requirements.

NodeGuardian

2026-03-23 13:25:36

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Scholastic Corporation has launched a modified “Dutch Auction” tender offer to repurchase up to $200 million of its common stock. The offer, ranging from $36.00 to $40.00 per share, aims to buy back approximately 25% of its outstanding shares at the lower price point. The tender offer will expire on April 20, 2026, and is not contingent on minimum tenders or financing, with directors and executive officers indicating they will not participate.

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