Amazon to purchase over 1 million Jabil shares
January 10, 2025 - St. Petersburg-based Jabil has granted Amazon warrants to purchase up to 1.16 million shares for roughly $160 million, or $137.77 per share, according to a disclosure filed with the U.S. Securities and Exchange Commission. The local electronics component manufacturing behemoth hopes the agreement encourages Amazon to increase its purchases of Jabil’s products and services. Nasdaq.com believes the strategy could help Jabil secure a long-term, stable revenue stream and strengthen its brand reputation and market position.