Scholastic to buy Cottage Door Press for about $71 million
Scholastic agreed to acquire early childhood publisher Cottage Door Press for about $71 million, excluding Luna StoryTime toys spun off before closing. Closing is targeted by end-2026, subject to separation of Luna, consents, new licenses and approval by one seller’s shareholders.
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SquawkNews
Sept 29 (Reuters) — Scholastic Corporation: Scholastic To Acquire Cottage Door Press, A Leading, Fast-growing Innovator In Early Childhood Publishing Scholastic Corporation - Announces Agreement To Buy Cottage Door Press Scholastic Corporation - Deal Valued At About $71 Million Scholastic Corporation - To Fund Acquisition With Cash On Hand And Revolving Credit Facility Scholastic Corporation - Acquisition Expected To Contribute To Revenue Growth And Adjusted Ebitda In Fiscal 2027 Scholastic: Deal Expected To Be Accretive In Its Second Year Following Close, Including Anticipated Synergies Source text:... Further company coverage: SCHL.O (Reuters.Briefs@thomsonreuters.com;;)