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

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Scholastic Corp (SCHL) to Buyback $200M Through Modified Dutch Auction Tender Off

December 17, 2015 7:03 AM EST

Scholastic Corporation (NASDAQ: SCHL) 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 Cit

"This two-pronged plan enables us to immediately return meaningful value to Scholastic shareholders and boost future operating income with predictable rental income, while retaining full ownership of a valuable real estate asset," said Richard Robinson,... More