Scholastic to sell NYC HQ and Missouri distribution center for $401 million.
ByAinvest
Tuesday, Dec 2, 2025 8:04 am ET1min read
SCHL--
Scholastic Corporation has signed binding agreements to sell its NYC headquarters and Jefferson City, Missouri distribution center, generating estimated net proceeds of $401 million. The proceeds will be used to reduce debt and repurchase shares, aligning with the company's plan to monetize non-operating assets and create shareholder value.
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