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Scholastic unit buys Calif. bookfair assets

Scholastic Corp. subsidiary Scholastic Book Fairs Inc. closed on the acquisition of the assets of Pomona, Calif.-based Mrs. Nelson's Book Fairs Inc.

Financial terms of the transaction were not disclosed.

Scholastic is a publisher and distributor of children's books; a provider of literacy curriculum, professional services and classroom magazines; and a producer of educational and entertaining children's media.