3M expands its partnership with Amazon in data centers and grants it a warrant to buy its shares

3M announced an expansion of its commercial relationship with Amazon and the issuance of a warrant to an Amazon subsidiary, giving it the right to buy 3M common shares. According to one source, the value of the shares is about $521.4 million, and 3M's stock rose after the announcement.

AI-written summary of 2 sources; every verified point is backed by a verbatim quote. How Iyan works

• 3M issued a warrant to an Amazon subsidiary giving it the right to buy 3M common shares.

  «had issued a warrant to an Amazon subsidiary, allowing it the right to buy 3M common stock»

  Miami Herald
• The value of the shares that the warrant allows it to buy is about $521.4 million.

  «received a warrant to buy about $521.4 million of 3M stock»

  Yahoo Finance
• The vesting of the warrant is tied to criteria related to the buyer.

  «with vesting tied to the hyperscaler’s»

  Yahoo Finance
• 3M's stock rose by more than 5% in after-hours trading following the announcement.

  «MMM Rises Over 5% After Hours»

  Yahoo Finance

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