---
title: "Scholastic Reports Preliminary Results of Dutch Auction Tender Offer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283541585.md"
description: "Scholastic (SCHL) announced preliminary results from its modified Dutch auction tender offer, which closed recently. Shareholders tendered approximately 2.85 million shares at or below the $40 purchase price. Scholastic plans to buy all properly tendered shares for about $114.1 million, reducing its share count by 13.7% to nearly 17.9 million shares outstanding. Following the announcement, Scholastic's shares rose by 2.3%."
datetime: "2026-04-21T17:28:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283541585.md)
  - [en](https://longbridge.com/en/news/283541585.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283541585.md)
---

# Scholastic Reports Preliminary Results of Dutch Auction Tender Offer

01:28 PM EDT, 04/21/2026 (MT Newswires) -- Scholastic (SCHL) on Tuesday announced preliminary results from its modified Dutch auction tender offer, which closed on Monday.

The company said that shareholders tendered a total of about 2.85 million shares at or below the $40 per share purchase price, including about 1 million shares that were tendered by notice of guaranteed delivery.

Based on the preliminary count, Scholastic expects to purchase all properly tendered shares at $40 each, for a total cost of about $114.1 million, excluding fees and expenses, it added.

The company said that following completion of the offer, it expects nearly 17.9 million shares to remain outstanding, representing a reduction of about 13.7% in its share count.

Shares of Scholastic rose 2.3% in the session.

Price: 40.69, Change: +0.93, Percent Change: +2.34

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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