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Scholastic (SCHL) offers up to $200M to buy shares at $36–$40
Scholastic Corporation has announced an amendment to its tender offer to repurchase up to $200 million of its common stock at a price range of $36.00 to $40.00 per share. The amendment clarifies and tightens certain conditions for the offer, including provisions related to legal actions, war or terrorism events occurring on or after March 20, 2026, and material adverse changes. The company reiterates its discretion to postpone, amend, or terminate the offer under specific circumstances, aligning with Exchange Act Rule 13e-4(f)(5).