Amazon Obtains Right To Buy Up To $340M Of Generac, Boosting Stock By Over 40%
Deals·2 articles across 2 outlets
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Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.
This deal has resulted in a significant increase in Generac's share price, which rose by over 40%.
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“Amazon was granted warrants to buy up to $340 million worth of Generac stock as part of a deal to supply backup power generators for its data centers.”
CNBC — Amazon obtains right to buy stock in Generac, boosting power company's share price by over 40%