Scholastic to repurchase up to USD 200 million of common stock via modified Dutch auction tender offer

Reuters04:01

Scholastic to repurchase up to USD 200 million of common stock via modified Dutch auction tender offer

Scholastic’s board authorized a modified Dutch auction tender offer to repurchase up to USD 200 million of common stock.
The anticipated purchase price range is USD 36 to USD 40 per share.
The offer is expected to commence on March 23, 2026, and is scheduled to expire on April 20, 2026.
Funding is expected to come from cash on hand and borrowings under a revolving 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: 202603191601PR_NEWS_USPR_____NY14841) on March 19, 2026, and is solely responsible for the information contained therein.

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