Amazon gets warrant on $521.4M of 3M stock; MMM rises after hours
FROM THE WIRE · FINANCE.YAHOO.COM
Amazon.com Inc. (NASDAQ:AMZN) expanded its data center partnership with 3M Co. (NYSE:MMM) and received a warrant to buy about $521.4 million of 3M stock, with vesting tied to the hyperscaler's purchases of data center products. 3M shares were up 5.43% in after-hours trading, and…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishData center commercial deal involving two large listed companies, with a positive reaction in 3M shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Amazon received a warrant to buy about $521.4 million of 3M stock.
- 0285% of the warrant shares vest based on Amazon's data center product payments.
- 03Full vesting occurs once cumulative payments reach $6 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
3M Company162.08 USDMarket closedtoday -1.62%Positive Amazon.com, Inc.262.45 USDMarket closedtoday +4.98%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets