3M Grants Amazon Warrant for Up to 3.16 Million Shares
3M expanded its commercial partnership with Amazon, issuing a warrant tied largely to Amazon’s purchases of data center products. Most share vesting depends on Amazon reaching $6 billion in payments.
3M Co. (MMM) stock moved higher overnight after the company expanded its commercial partnership with Amazon.com (AMZN), issuing a warrant for up to 3.16 million shares tied largely to Amazon’s purchases of data center products. The deal links most share vesting to Amazon reaching $6 billion in paym…