3M rises after disclosing expanded Amazon data center products relationship

[3M tape manufacturing facility. This plant is part of the Industrial, Adhesives and Tape Division V] jetcityimage/iStock Editorial via Getty Images 3M (MMM [https://seekingalpha.com/symbol/MMM]) jumped 5.4% post-market Monday after disclosing it reached an expanded strategic commercial agreement [https://seekingalpha.com/filing/310186344] that positions the company as a supplier to Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) of optical connectivity and other data center products. 3M (MMM [https://seekingalpha.com/symbol/MMM]) said it issued warrants allowing Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]) to purchase up to 3,162,015 common shares over a seven-year period at $164.89/share as part of the deal, according to an 8-K filing.