Scholastic authorizes $200M Dutch auction tender offer at $36-$40/share

SCHOLASTIC CORP

Repurchase of up to $200M of common stock via modified Dutch auction tender offer.
Purchase price range: $36.00 to $40.00 per share, cash, net of withholding taxes.
Offer expected to commence March 23, 2026; expires April 20, 2026 unless extended.
Funding from cash on hand and borrowings under revolving credit facility.
J.P. Morgan Securities LLC serving as Dealer-Manager for the offer.

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