3M gains on expanded Amazon data center deal ahead of Q3 earnings

Seekingalpha+1 · 5 hours ago
3M gains on expanded Amazon data center deal ahead of Q3 earnings
  • 3M announced late Monday an expanded deal to sell data center products to Amazon.com.
  • 3M issued Amazon warrants letting Amazon buy up to 3,162,015 shares over seven years at $164.89 a share, per an SEC filing; 85% of the shares vest under the terms described.
  • 3M reports Q3 earnings early Tuesday and jumped in extended trade after the deal announcement.
  • 3M was listed among Tuesday's biggest stock gainers in early trading.