Scholastic Corporation Buyback
OLI recorded this information on 10/24/2022
Company: |
Scholastic Corporation |
Buyback: |
SCHL buyback |
$Amount Authorized: |
$75,000,000 |
Buyback Details: |
Scholastic Corporation ("Scholastic") (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $75 million of the Company's common stock through a modified "Dutch Auction" tender offer ("Offer"), at an anticipated cash purchase price per share of not less than $35.00 per share and not more than $40.00 per share, less any applicable withholding taxes and without interest. |
Scholastic is a publisher and distributor of children's books, a provider of print and digital instructional materials for grades pre-kindergarten to grade 12 and a producer of educational and entertaining children's media. Co. creates books and ebooks, print and technology-based learning materials and programs, classroom magazines and other products that, in combination, provides schools, as well as parents and children, customized and solutions to support children's learning and reading at school and at home. Co. is an operator of school-based book club and book fair proprietary channels. Co. has operations in the U.S. and throughout the world including Canada, U.K., Australia, and Asia.
SCHL SEC Filing Email Alerts Service
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Company Name: |
Scholastic Corp |
Stock buyback: |
SCHL buyback |
Website: |
www.scholastic.com |
Sector: |
Publishing & Printing |
Number of ETFs Holding SCHL: |
50 |
Total Market Value Held by ETFs: |
$222.90M |
Total Market Capitalization: |
$1.10B |
% of Market Cap. Held by ETFs: |
20.26% |
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