Carl Icahn has launched a proxy fight for two board seats at McDonald’s Corp. , according to people familiar with the matter, as the activist investor pushes the fast-food chain to require its suppliers to change their treatment of pigs.
Mr. Icahn has a very small McDonald’s stake and had been in talks with the company alongside the Humane Society of the United States for several weeks, The Wall Street Journal previously reported. He had previously threatened to nominate directors.
