Scholastic Repurchases 2,834,018 Shares at $40.00 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
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total of 2,834,018 shares of Scholastic's common stock, par value 1c per share were properly tendered and not properly withdrawn at or below the purchase price of $40.00 per Share, including 989,343 Shares that were tendered by notice of guaranteed delivery.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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SCHL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 46.200
Low
37.00
Averages
37.00
High
37.00
Current: 46.200
Low
37.00
Averages
37.00
High
37.00
About SCHL
Scholastic Corporation is a publisher and distributor of children's books, provider of print and digital instructional materials for grades pre-kindergarten to grade 12 and a producer of entertaining literary and educational children's media. The 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. The Education Solutions segment includes the publication and distribution to schools and libraries of children's books, classroom magazines, print and digital supplementals and other products for grades pre-kindergarten to 12 in the United States. The Entertainment segment includes the development, production, distribution and licensing of children and family film and television content. The 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 Announces Q4 and FY 2026 Earnings Call Schedule
- Earnings Announcement Schedule: Scholastic Corporation has announced the schedule for its fourth quarter and fiscal year 2026 earnings report, with specific timing yet to be disclosed, which is expected to significantly impact investors and the market.
- Company Background: As the world's largest publisher and distributor of children's books, Scholastic has a broad market reach in over 135 countries, focusing on fostering children's personal and intellectual growth through quality content and experiences.
- Educational Resource Provision: Scholastic offers bestselling children's books, classroom magazines, and other knowledge-building resources aimed at cultivating children's reading habits and learning capabilities, thereby enhancing its competitiveness in the education market.
- Long-term Vision: The company is committed to encouraging children to become lifelong readers and learners through rich stories and learning moments, reflecting its strategic importance in the education sector.
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 Announces Q4 and FY 2026 Earnings Call Schedule
- Earnings Announcement Schedule: Scholastic Corporation has announced the schedule for its fourth quarter and fiscal year 2026 earnings report, with specific timing yet to be disclosed, which is expected to significantly impact investors and the market.
- Company Background: As the world's largest publisher and distributor of children's books, Scholastic has a broad market reach in over 135 countries, focusing on fostering children's personal and intellectual growth through quality content and experiences.
- Educational Resource Provision: Scholastic offers bestselling children's books, classroom magazines, and other knowledge-building resources aimed at cultivating children's reading habits and learning capabilities, thereby enhancing its competitiveness in the education market.
- Long-term Vision: The company is committed to encouraging children to become lifelong readers and learners through rich stories and learning moments, reflecting its strategic importance in the education sector.
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
