Scholastic Commences Dutch Auction Tender To Buyback $200M Common Stock

Scholastic Corporation (NASDAQ: SCHL) has initiated a modified 'Dutch Auction' tender offer to buy back up to $200 million of its common stock, with a purchase price range set between $36.00 and $40.00 per share. This buyback represents approximately 25% of the company's outstanding shares. The last closing price of Scholastic's stock was $37.25 per share on March 20, 2026, prior to the tender offer announcement.