On March 19, 2026, Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors has authorized a repurchase of up to $200 million of the company's common stock through a modified "Dutch Auction" tender offer. The anticipated cash purchase price per share is set between $36.00 and $40.00, excluding any applicable withholding taxes and without interest. The tender offer is expected to commence on March 23, 2026, and will expire on April 20, 2026, unless extended or terminated earlier. The repurchase is intended to be funded through the company's cash reserves and available borrowings under its revolving credit facility. Peter Warwick, President and CEO, stated that this decision follows successful real estate transactions and represents a disciplined step in their capital allocation strategy aimed at optimizing the balance sheet and returning cash to shareholders. Shareholders are encouraged to read the tender offer statement and related documents once available, as they will contain important information regarding the terms of the offer. The company will distribute these documents at no cost to shareholders and they will also be accessible on the SEC's website and Scholastic's investor relations page.

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