Brief: Diversified Royalty Corp. Announces Acquisition Of Barburrito Restaurants Inc Trademarks

Diversified Royalty

04/10/2023 23:09

Oct 4 (Reuters) - Diversified Royalty Corp  DIV.TO :
    * DIVERSIFIED ROYALTY CORP. ANNOUNCES ACQUISITION OF
BARBURRITO
RESTAURANTS INC. TRADEMARKS, A 2.1% DIVIDEND INCREASE EFFECTIVE
NOVEMBER 1, 2023 AND OCTOBER 2023 CASH DIVIDEND
    * DIVERSIFIED ROYALTY CORP -  HAS ACQUIRED TRADEMARKS AND
CERTAIN
OTHER INTELLECTUAL PROPERTY USED BY BARBURRITO RESTAURANTS INC.
IN CANADA
    * DIVERSIFIED ROYALTY CORP - PROPOSED DEAL FOR $72 MILLION
CASH AT
CLOSING AND CERTAIN ADDITIONAL CONSIDERATION
    * DIVERSIFIED ROYALTY CORP - ADDITIONAL CONSIDERATION
INCLUDES A
$36 MILLION PROMISSORY NOTE THAT IS REPAYABLE AS NEW BARBURRITO
LOCATIONS
    * DIVERSIFIED ROYALTY CORP - ACQUISITION IS EXPECTED TO
INCREASE
DIVIDEND'S TAX POOLS BY APPROXIMATELY $108 MILLION TO A TOTAL OF
APPROXIMATELY $410 MILLION

Source text for Eikon:  ID:nGNX7xWtJy 
Further company coverage:  DIV.TO 

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