Scholastic Launches $200 Million Share Tender Offer via Dutch Auction

Scholastic Corporation (NASDAQ: SCHL) has officially commenced a modified "Dutch Auction" tender offer to repurchase up to $200 million of its common stock. The company specified a purchase price range between $36.00 and $40.00 per share in cash. This significant move aims to buy back approximately 25% of the company's currently outstanding common stock. By launching this tender offer, Scholastic intends to return substantial capital to its shareholders while reducing its overall share count to enhance equity value. Market analysts view this as a bullish signal, suggesting management believes the current stock price is undervalued. The offer provides a price floor and acts as a catalyst for potential stock price appreciation in the near term.

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