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Scholastic expects USD 114.1 million stock buyback in modified Dutch auction tender offer

PUBT·04/21/2026 11:04:05
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Scholastic expects USD 114.1 million stock buyback in modified Dutch auction tender offer
  • Scholastic expects to repurchase 2,852,735 shares at USD 40 per share in modified Dutch auction tender offer that expired April 20.
  • Total buyback cost expected at about USD 114.1 million, excluding fees and expenses.
  • Shares outstanding expected to fall to about 17,896,740, a reduction of about 13.7%.
  • Buyback to be funded with cash, including drawings on existing credit facility.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scholastic Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202604210700PR_NEWS_USPR_____NY39390) on April 21, 2026, and is solely responsible for the information contained therein.