modified dutch auction

Scholastic Corporation Announces Commencement of Tender Offer to Purchase Up to $200 Million of Common Stock

New York – December 28, 2015 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, announced today the commencement of its previously announced modified “Dutch Auction” tender offer to purchase up to $200 million of its common stock at a price not less than $37.00 per share or more than $40.00 per share.

Scholastic Corporation Announces Commencement of Tender Offer to Purchase up to $150 Million of Common Stock

New York, NY — September 28, 2010 — Scholastic Corporation (Nasdaq: SCHL), the global children’s publishing, education and media company, announced today that it has commenced a modified “Dutch Auction” tender offer to purchase up to $150 million of its common stock at a price not less than $27.00 per share or more than $31.00 per share. The number of shares proposed to be purchased in the tender offer (at the minimum purchase price of $27.00 per share) represents approximately 16.17% of Scholastic’s currently outstanding common shares.

Scholastic Corporation Announces Intent to Commence Modified Dutch Auction to Repurchase $150 Millon of Common Stock

New York — September 23, 2010 — 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 $150 million of the Company’s common stock through a modified "Dutch Auction" tender offer. Scholastic intends to commence the tender offer during the week of September 27, 2010.

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