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StocksMedium•21 April 2026•

1 min read

Scholastic Announces Preliminary Results of $40 Per Share Tender Offer

Key Facts

1Scholastic expects to purchase 2,852,735 shares of its common stock.

Scholastic Corporation has announced the preliminary results of its modified Dutch auction tender offer to repurchase its common stock. The company expects to purchase approximately 2,852,735 shares at a final price of $40.00 per share. This strategic move is designed to return capital to shareholders and reduce the total number of outstanding shares. By decreasing the share count, the buyback is expected to provide a boost to earnings per share (EPS) and support the stock's valuation. Final results and payments will be processed following the standard verification period. This initiative underscores management's commitment to optimizing shareholder value through disciplined capital allocation.