Scholastic Shares Rise on Launch of $200M Tender Offer

Dow Jones

03/23

By Elias Schisgall

Shares of Scholastic rose after the company launched a tender offer to buy back up to $200 million of its stock.

Shares were up 5.0% at $39.10 in Monday morning trading. The stock has doubled in value over the past year.

The publishing house on Monday invited shareholders to tender some or all of their stock at a price between $36 and $40 a share. The company said it will buy stock at the lowest price within that range up to $200 million worth of shares.

The tender offer expires on April 20. At a minimum price of $36 a share, Scholastic said the offer represents about 25% of the company's outstanding stock.

Scholastic announced the tender offer on Thursday. It said the buybacks were enabled by recent real estate transactions that netted the company $400 million, adding that it had already bought back $147 million worth of shares.

The company is targeting long-term net leverage of between two and two-and-a-half times adjusted earnings before interest, taxes, depreciation and amortization.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

March 23, 2026 10:49 ET (14:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock has doubled in value over the past year. \n</p>\n<p>\n  The publishing house on Monday invited shareholders to tender some or all of their stock at a price between $36 and $40 a share. The company said it will buy stock at the lowest price within that range up to $200 million worth of shares. \n</p>\n<p>\n  The tender offer expires on April 20. At a minimum price of $36 a share, Scholastic said the offer represents about 25% of the company's outstanding stock. \n</p>\n<p>\n  Scholastic announced the tender offer on Thursday. 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