Blackrock, other major McDonald’s shareholders side with company in fight with Icahn – source

2022.05.26 00:16

The McDonald’s company logo is seen on the front of a restaurant in London, Britain, December 10, 2021. REUTERS/May James/Files

BOSTON (Reuters) – Index fund BlackRock (NYSE:BLK) and other major McDonald’s (NYSE:MCD) shareholders are backing the company in a boardroom vote that puts the fast-food chain on course to defeat investor Carl Icahn who sought to replace two directors and raise awareness about animal welfare, sources said on Wednesday.

BlackRock, whose 4.6% stake ranks it as McDonald’s third largest investor, has cast its votes for the company, two people familiar with the voting said.

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