Historical source basis: 2026-08-12.
A disclosed starting price and a later accounting total can answer different questions. Diversified Royalty Corp.’s acquisition of the Mr. Lube + Tires franchisor business offers a concrete example: its interim statements show the components of a preliminary purchase-price reconciliation.
This case concerns the Canadian franchisor business. It does not describe a purchase of every franchisee’s operating business or all franchise real estate. The breakdown follows the later statement’s reconciliation; it does not retrospectively rewrite the original announcement.
What the disclosed figures mean
Starting purchase price
Canadian dollars: C$235.000m
Starting amount in the disclosed reconciliation.
Class B common shares
Canadian dollars: + C$1.950m
Additional share value, not a count of shares.
Closing indebtedness
Canadian dollars: − C$8.250m
Deduction in this specific purchase-price bridge.
Working capital
Canadian dollars: − C$0.786m
Deduction in this specific purchase-price bridge.
Preliminary purchase price
Canadian dollars: C$227.914m
Reconciled total; the purchase-price allocation remained preliminary and subject to adjustment.
C$235.000m + C$1.950m − C$8.250m − C$0.786m = C$227.914m. The figures above are millions of Canadian dollars, converted from the statement’s table in thousands. This preliminary accounting bridge does not calculate an individual seller’s cash after tax, fees or distributions.
Keep the dates separate
May 14, 2026 · agreement announced — The original release announced the agreement to acquire the franchisor business.
June 16, 2026 · acquisition closed — The later interim statements identify this as the closing date.
August 12, 2026 · statements authorized — The Q2 statements were authorized and approved for issue on this date. That is not an established first public upload timestamp.
Questions to take into your own conversation
These are DFC’s discussion prompts, not undisclosed terms of this transaction.
Which document defines the starting amount in my own discussion, and what does that amount include?
Which adjustments could change it, who calculates them, and what evidence would support each entry?
Does an amount represent cash, share value, debt or another component? Keep each in its own column.
Which figures are preliminary, and what would need to happen before I could treat them as final?
What separate work would my advisers need to estimate proceeds attributable to me?
What the record does not tell us
Final post-closing adjustments and final purchase-price allocation.
Cash and net proceeds attributable to any individual seller.
No comparable enterprise-value multiple or current acquisition appetite established.
Read the original disclosures
Diversified Royalty Corp. — Q2 2026 condensed consolidated interim financial statements — Note 5, PDF pages 14–15 (printed 13–14), for scope, closing and the preliminary bridge; Note 2 for currency and issue authorization. Period ended June 30, 2026.
Diversified Royalty Corp. via GlobeNewswire — Agreement to acquire Mr. Lube + Tires franchisor business — May 14, 2026 issuer announcement, opening and transaction scope. Use as dated agreement history; the later financial statements supply the reconciliation.
Read against the named historical documents; no comprehensive later-amendment search or current buyer mandate is implied.