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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.
