Scholastic (SCHL) offers up to $200M to buy shares at $36–$40
Scholastic Corporation has announced an amendment to its tender offer to repurchase up to $200 million of its common stock at a price range of $36.00 to $40.00 per share. The amendment clarifies and tightens certain conditions for the offer, including provisions related to legal actions, war or terrorism events occurring on or after March 20, 2026, and material adverse changes. The company reiterates its discretion to postpone, amend, or terminate the offer under specific circumstances, aligning with Exchange Act Rule 13e-4(f)(5).
MAR 23·Stock Titan→
Scholastic offers $36-$40 a share as it seeks to buy back 25%
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.
MAR 20·IndexBox▲
Scholastic Q3 2026 Financial Strategy & Capital Return to Shareholders - News and Statistics
Scholastic Corporation's President and CEO, Peter Warwick, detailed the company's Q3 2026 financial strategy, which focused on long-term growth and shareholder value. A key initiative was the completion of a sale-leaseback transaction for its headquarters and a distribution facility, generating over $400 million in net proceeds. Following this, Scholastic nearly fully utilized a $150 million share repurchase authorization to return capital to shareholders, viewing its shares as a highly accretive investment.
