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Billionaire Investor Carl Icahn Ends Proxy Fight Over Kroger’s Pig Policy – $MCD $KR $DIA

By John F. Heerdink, Jr.

As per reports, Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co. (KR) after losing a similar fight with McDonald’s Corp last month. 

“I congratulate the McDonald’s team on their victory in this proxy engagement and, after much contemplation, given the company’s financial position, I believe the same outcome will result at Kroger,” stated Icahn.

In March Carl Icahn nominated two directors to the supermarket chain’s board and sent a letter to its boss pointing out the company’s inability to create policies concerning animal welfare and also criticizing its wage disparities.

Icahn, a billionaire who owns roughly $50,000 worth of McDonald’s stock, had also nominated two director candidates to push McDonald’s (MCD) to fulfill the decade-old promise to stop buying pork from suppliers that house the animals in crates by the end of this year.

McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly 37,000 locations in over 100 countries. The Corporation operates and franchises McDonald’s restaurants in the US and across the globe with over 90% of its restaurants owned and operated by local, independent businessmen and women. To learn more about McDonald’s Corporation (MCD) and to track its progress please visit the Vista Partners McDonald’s Coverage Page

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(Read Original Story: Activist investor Carl Icahn drops proxy fight over Kroger's pig policy - WSJ in Reuters)


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