3M Expands Amazon Data Center Partnership, Issues $521 Million Warrant
3M said it expanded its commercial relationship with Amazon and issued an Amazon subsidiary a warrant to buy 3M common stock worth over $521 million. 3M shares rose more than 5% in extended trading.
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10:29:53 PM UTC
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By John Keilman3M stock was up more than 5% in after-hours trading after the company said it issued warrants allowing Amazon.com to buy up to 3.1 million shares over seven years as part of a data-center products deal.The materials manufacturer said the shares would be priced at $164.89, slightly hi…
Industrial conglomerate 3M (NYSE: MMM) said Monday that it is expanding its commercial relationship with Amazon (NASDAQ: AMZN). The company also issued an Amazon subsidiary a warrant giving it the right to purchase 3M common stock worth over $521 million. 3M shares rose more than 5% in extended trading after…