Scholastic to Repurchase 2.85 Million Shares at $40 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 21 2026
0mins
Should l Buy SCHL?
Scholastic announced the preliminary results of its "modified Dutch auction" tender offer, which expired on April 20. A total of 2,852,735 shares of Scholastic's common stock, par value 1c per share were properly tendered and not properly withdrawn at or below the purchase price of $40.00 per Share. Scholastic expects to purchase a total of 2,852,735 Shares, at a price of $40.00 per Share for a total cost of approximately $114,109,400 excluding fees and expenses relating to the tender offer. Scholastic will fund the purchase of the shares in the tender offer using cash which will include drawings on its existing credit facility. Scholastic expects to have approximately 17,896,740 Shares outstanding as of the time immediately following payment for the accepted shares. Scholastic expects that the number of outstanding Shares will have been reduced by approximately 13.7% as a result of the purchases in the tender offer.
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Analyst Views on SCHL
Wall Street analysts forecast SCHL stock price to fall
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 39.990
Low
37.00
Averages
37.00
High
37.00
Current: 39.990
Low
37.00
Averages
37.00
High
37.00
About SCHL
Scholastic Corporation is a publisher and distributor of children's books, a provider of literacy curriculum, professional services and classroom magazines, and a producer of educational and entertaining children's media. Its segments include Children's Book Publishing and Distribution, Education Solutions, Entertainment, and International. Children's Book Publishing and Distribution segment includes the publication and distribution of children’s books, ebooks, media and interactive products primarily in the United States. Education Solutions segment includes the publication and distribution to schools and libraries of children's books, classroom magazines and other products for grades pre-kindergarten to 12 in the United States. Entertainment segment includes the development, production, distribution and licensing of children and family film and television content. International segment includes the publication and distribution of products and services outside the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Scholastic Completes Stock Buyback via Tender Offer
- Buyback Scale: Scholastic Corporation completed a tender offer repurchasing 2,834,018 shares of common stock at $40.00 per share, totaling $113,360,720, reflecting the company's confidence in its stock value.
- Market Impact: The repurchased shares represent approximately 13.7% of the total shares outstanding as of April 19, 2026, which not only enhances earnings per share but may also boost investor confidence in the company's future growth prospects.
- Underwriter Role: J.P. Morgan Securities LLC acted as the dealer manager for the buyback, overseeing the entire process and ensuring smooth transactions, thereby reinforcing its professional standing in the capital markets.
- Investor Communication: Scholastic provided information support through Georgeson LLC, ensuring shareholders could access timely information regarding the buyback, which enhances transparency and trust between the company and its investors.
See More
Scholastic Corporation Announces Preliminary Results of Stock Buyback
- Share Buyback Quantity: Scholastic Corporation plans to repurchase 2,852,735 shares of common stock at $40.00 per share, totaling approximately $114.1 million, reflecting the company's confidence in its stock value and aiming to enhance investor trust.
- Impact on Shares: The buyback is expected to reduce the number of outstanding shares by about 13.7%, thereby increasing earnings per share and enhancing shareholder value, which demonstrates the company's proactive strategy in capital management.
- Funding Source: Scholastic will fund the buyback through drawings on its existing credit facility, indicating the company's financial flexibility and stability, allowing it to effectively utilize its capital structure to support shareholder returns.
- Future Announcements: The final number of shares to be repurchased and the total purchase price will be announced following the completion of the confirmation process, showcasing the company's commitment to transparency and compliance, ensuring investors receive timely information.
See More
Scholastic Corporation Announces Stock Buyback Plan
- Share Buyback Quantity: Scholastic Corporation plans to repurchase 2,852,735 shares of common stock at $40.00 per share, with an expected total expenditure of approximately $114.1 million, reflecting the company's confidence in its stock value.
- Impact on Shares: This buyback is anticipated to reduce the number of outstanding shares by about 13.7%, thereby enhancing earnings per share and shareholder value, indicating a proactive strategy in capital management.
- Funding Source: Scholastic will fund the buyback through drawings on its existing credit facility, demonstrating the company's financial robustness and liquidity management capabilities.
- Subsequent Announcements: The final number of shares repurchased and total expenditure will be announced following the completion of the confirmation process, ensuring transparency and timely updates for investors, which bolsters investor confidence.
See More
Little Free Library Partners with Dav Pilkey to Promote Reading Access
- Reading Promotion Partnership: Little Free Library is collaborating with Dav Pilkey, creator of Dog Man and Captain Underpants, along with Scholastic, to install 100 custom-designed libraries across the U.S., significantly enhancing access to reading for children and families in need.
- Library Installation Initiative: These libraries will be placed in schools, public libraries, and book deserts, ensuring that children and families who lack access to books can obtain reading materials, thereby promoting their learning and development.
- Strategic Launch Timing: The initiative launches alongside the release of Pilkey's new book, Captain Underpants: The First Epic Manga, coinciding with National School Library Month, which further raises public awareness of the importance of reading.
- Ongoing Promotion Plan: This initiative expands upon the successful
See More
Little Free Library Partners with Dav Pilkey to Promote Reading Access
- Project Launch: Little Free Library is collaborating with Dav Pilkey, the creator of Dog Man and Captain Underpants, along with Scholastic, to introduce 100 custom-designed libraries aimed at providing books to children and families in book deserts across the United States.
- Book Distribution: These libraries will be stocked with a curated selection of children's books, including the newly released Captain Underpants: The First Epic Manga, enhancing children's reading experiences while fostering cultural development within communities.
- Nationwide Rollout: The initiative launched on April 7, coinciding with National School Library Month, and is set to continue through July, strategically leveraging the summer reading season to further expand access to reading materials.
- Philanthropic Mission: Dav Pilkey emphasized that every child deserves access to books, and this collaboration not only supports children's literacy but also contributes positively to community cultural development, reflecting a strong commitment to education and reading.
See More
Scholastic Launches $200 Million Stock Buyback via Dutch Auction
- Buyback Overview: Scholastic has announced a modified Dutch Auction tender offer to repurchase up to $200 million of its common stock at prices ranging from $36 to $40 per share, which will affect approximately 25% of its outstanding shares, aiming to enhance shareholder value and optimize its capital structure.
- Market Reaction: As of March 20, 2026, Scholastic's stock closed at $37.25, and the established buyback price range not only reflects the company's assessment of current market conditions but may also attract more investor participation, thereby boosting market confidence.
- Tender Offer Details: The offer will expire on April 20, 2026, allowing shareholders to withdraw their shares at any time before expiration, with Scholastic planning to repurchase shares on a pro-rata basis based on tendered amounts, ensuring effective use of funds and reducing shareholder dilution risk.
- Management's Position: Scholastic's board and executives have indicated they do not intend to participate in the buyback, demonstrating confidence in the company's future growth while potentially influencing market interpretation of the buyback plan and increasing transparency.
See More
Scholastic Completes Stock Buyback via Tender Offer
- Buyback Scale: Scholastic Corporation completed a tender offer repurchasing 2,834,018 shares of common stock at $40.00 per share, totaling $113,360,720, reflecting the company's confidence in its stock value.
- Market Impact: The repurchased shares represent approximately 13.7% of the total shares outstanding as of April 19, 2026, which not only enhances earnings per share but may also boost investor confidence in the company's future growth prospects.
- Underwriter Role: J.P. Morgan Securities LLC acted as the dealer manager for the buyback, overseeing the entire process and ensuring smooth transactions, thereby reinforcing its professional standing in the capital markets.
- Investor Communication: Scholastic provided information support through Georgeson LLC, ensuring shareholders could access timely information regarding the buyback, which enhances transparency and trust between the company and its investors.
See More
Scholastic Corporation Announces Preliminary Results of Stock Buyback
- Share Buyback Quantity: Scholastic Corporation plans to repurchase 2,852,735 shares of common stock at $40.00 per share, totaling approximately $114.1 million, reflecting the company's confidence in its stock value and aiming to enhance investor trust.
- Impact on Shares: The buyback is expected to reduce the number of outstanding shares by about 13.7%, thereby increasing earnings per share and enhancing shareholder value, which demonstrates the company's proactive strategy in capital management.
- Funding Source: Scholastic will fund the buyback through drawings on its existing credit facility, indicating the company's financial flexibility and stability, allowing it to effectively utilize its capital structure to support shareholder returns.
- Future Announcements: The final number of shares to be repurchased and the total purchase price will be announced following the completion of the confirmation process, showcasing the company's commitment to transparency and compliance, ensuring investors receive timely information.
See More
Scholastic Corporation Announces Stock Buyback Plan
- Share Buyback Quantity: Scholastic Corporation plans to repurchase 2,852,735 shares of common stock at $40.00 per share, with an expected total expenditure of approximately $114.1 million, reflecting the company's confidence in its stock value.
- Impact on Shares: This buyback is anticipated to reduce the number of outstanding shares by about 13.7%, thereby enhancing earnings per share and shareholder value, indicating a proactive strategy in capital management.
- Funding Source: Scholastic will fund the buyback through drawings on its existing credit facility, demonstrating the company's financial robustness and liquidity management capabilities.
- Subsequent Announcements: The final number of shares repurchased and total expenditure will be announced following the completion of the confirmation process, ensuring transparency and timely updates for investors, which bolsters investor confidence.
See More
Little Free Library Partners with Dav Pilkey to Promote Reading Access
- Reading Promotion Partnership: Little Free Library is collaborating with Dav Pilkey, creator of Dog Man and Captain Underpants, along with Scholastic, to install 100 custom-designed libraries across the U.S., significantly enhancing access to reading for children and families in need.
- Library Installation Initiative: These libraries will be placed in schools, public libraries, and book deserts, ensuring that children and families who lack access to books can obtain reading materials, thereby promoting their learning and development.
- Strategic Launch Timing: The initiative launches alongside the release of Pilkey's new book, Captain Underpants: The First Epic Manga, coinciding with National School Library Month, which further raises public awareness of the importance of reading.
- Ongoing Promotion Plan: This initiative expands upon the successful
See More
Little Free Library Partners with Dav Pilkey to Promote Reading Access
- Project Launch: Little Free Library is collaborating with Dav Pilkey, the creator of Dog Man and Captain Underpants, along with Scholastic, to introduce 100 custom-designed libraries aimed at providing books to children and families in book deserts across the United States.
- Book Distribution: These libraries will be stocked with a curated selection of children's books, including the newly released Captain Underpants: The First Epic Manga, enhancing children's reading experiences while fostering cultural development within communities.
- Nationwide Rollout: The initiative launched on April 7, coinciding with National School Library Month, and is set to continue through July, strategically leveraging the summer reading season to further expand access to reading materials.
- Philanthropic Mission: Dav Pilkey emphasized that every child deserves access to books, and this collaboration not only supports children's literacy but also contributes positively to community cultural development, reflecting a strong commitment to education and reading.
See More
Scholastic Launches $200 Million Stock Buyback via Dutch Auction
- Buyback Overview: Scholastic has announced a modified Dutch Auction tender offer to repurchase up to $200 million of its common stock at prices ranging from $36 to $40 per share, which will affect approximately 25% of its outstanding shares, aiming to enhance shareholder value and optimize its capital structure.
- Market Reaction: As of March 20, 2026, Scholastic's stock closed at $37.25, and the established buyback price range not only reflects the company's assessment of current market conditions but may also attract more investor participation, thereby boosting market confidence.
- Tender Offer Details: The offer will expire on April 20, 2026, allowing shareholders to withdraw their shares at any time before expiration, with Scholastic planning to repurchase shares on a pro-rata basis based on tendered amounts, ensuring effective use of funds and reducing shareholder dilution risk.
- Management's Position: Scholastic's board and executives have indicated they do not intend to participate in the buyback, demonstrating confidence in the company's future growth while potentially influencing market interpretation of the buyback plan and increasing transparency.
See More
