SCHL News & Events

Scholastic announced the final results of its "modified Dutch Auction" tender offer for shares of its common stock, which expired on April 20. A total of 2,834,018 shares of Scholastic's common stock, par value 1c per share were properly tendered and not properly withdrawn at or below the purchase price of $40.00 per Share, including 989,343 Shares that were tendered by notice of guaranteed delivery. Scholastic has accepted for purchase a total of 2,834,018 Shares through the tender offer at a price of $40.00 per Share, for an aggregate cost of $113,360,720.00, excluding fees and expenses relating to the tender offer. The total of 2,834,018 Shares that Scholastic has accepted for purchase represents approximately 13.7% of the total number of Shares outstanding as of April 19.

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total of 2,852,735 shares of Scholastic's common stock, par value 1c per share were properly tendered and not properly withdrawn at or below the purchase price of $40.00 per Share.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.

Scholastic announced the commencement of a modified "Dutch Auction" tender offer to purchase up to $200M of its common stock at a price not less than $36.00 per share or more than $40.00 per share to the seller in cash, less any applicable withholding taxes and without interest. The number of shares proposed to be purchased in the tender offer represents approximately 25% of Scholastic's currently outstanding common stock. The closing price per share of Scholastic's common stock on the Nasdaq Stock Market on Friday, March 20, 2026, the last full trading day prior to the commencement of the tender offer, was $37.25 per share. The tender offer will expire on Monday, April 20, 2026 at 5:00 p.m., New York City time, unless the tender offer is extended or earlier terminated by the company. J.P. Morgan Securities will serve as the dealer manager for the tender offer.