3M grants Amazon a warrant for up to 3.16 million shares

The warrant gives a wholly owned Amazon subsidiary seven years to buy the shares at $164.89 each, according to The Economic Times. Separately, Quartz reported that 3M's adjusted earnings per share rose 12% to $2.50 under a revised non-GAAP approach that treats intangible asset amortization as a special item.

Covered by 2 publishers within 9 hours of the first report.

• The Economic Times: 3M expands Amazon data center partnership, shares gain
• Latest 7:30 AM ET Quartz: 3M’s Amazon deal comes with a warrant, a data center pitch and a $6 billion trigger

Reporting2

ET The Economic Times 3M expands Amazon data center partnership, shares gain 10:46 PM

QZ Quartz 3M’s Amazon deal comes with a warrant, a data center pitch and a $6 billion trigger · Cris Tolomia 7:30 AM

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Topics AmazonData centers