Story perspectives

3M Issues $164.89 Amazon Warrant for 3.16M Shares

By Drooid · Oct 20, 2026, 11:38 PM UTC · How we work

Summary

Story summary

3M Company issued a warrant to an Amazon subsidiary for up to 3,162,015 shares at $164.89 each.
The warrant has a seven-year term.
85% of the warrant shares vest when Amazon’s cumulative payments for 3M data-center products reach $6 billion.
The remaining 15% vest upon undisclosed event-based milestones.
3M shares rose about 5% in after-hours trading after the agreement was announced.

History

Historical Context

IBM’s cloud push accelerated after it announced the June 2013 purchase of SoftLayer—then the world’s largest private IaaS provider—for roughly $2 billion; SoftLayer hosted over 81,000 servers in 2011 and helped lift IBM’s cloud revenue 80 percent in 2012. The move set the stage for later actions such as the 2018 Red Hat acquisition, anchoring IBM’s hybrid-cloud strategy.

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Story summary

3M Company issued a warrant to an Amazon subsidiary for up to 3,162,015 shares at $164.89 each.
The warrant has a seven-year term.
85% of the warrant shares vest when Amazon’s cumulative payments for 3M data-center products reach $6 billion.
The remaining 15% vest upon undisclosed event-based milestones.
3M shares rose about 5% in after-hours trading after the agreement was announced.

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