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

McDonald’s company logo is seen on the front of a
McDonald’s company logo is seen on the front of a restaurant in London

BOSTON (Reuters) – Index fund BlackRock and other major McDonald’s 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.

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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.

(Reporting by Svea Herbst-Bayliss, Editing by Franklin Paul)

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