$75 Million Scholastic Buyback Sends Shares Soaring 13%+…Should You Buy Now?

By |2023-12-07T21:11:09+00:00October 24th, 2022|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , |

Scholastic Corp. (SCHL) announced early today that they will be initiating a stock buyback worth up to $75 million - approved by their board of directors. The common stock repurchase will take place through a Dutch Auction and is expected to fall somewhere in the purchase price/share of $35-40 - not accounting for taxes/interest. [...]