Scholastic Corp (SCHL) Misses Q2 EPS Views; Revises FY16 Outlook

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Go back to Scholastic Corp (SCHL) Misses Q2 EPS Views; Revises FY16 Outlook

Scholastic Announces Intent To Return Up To $200 Million To Shareholders Through Modified Dutch Auction Tender Offer

December 17, 2015 7:00 AM EST

NEW YORK, Dec. 17, 2015 /PRNewswire/ --  Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors has authorized the repurchase of up to $200 million of the Company's common stock through a modified "Dutch Auction" tender offer and has approved a plan to generate more rental income from retailers from the lower floors of its headquarters building located at 557 and 555 Broadway in New York City.

"This two-pronged plan enables us to immediately... More