![Blackrock, other major McDonald's shareholders side with company in fight with Icahn - source](https://i-invdn-com.investing.com/trkd-images/LYNXNPEI4O131_L.jpg)
© Reuters. 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:) and other major McDonald’s (NYSE:) 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.
Be the first to comment