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Carl Icahn drops proxy fight against Kroger after McDonald’s defeat

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Reuters UK

(Reuters) -Carl Icahn has decided to drop his proxy fight against Kroger Co over the treatment of pregnant pigs, the billionaire investor said on Monday, days after losing a similar battle at McDonald’s Corp. Icahn is withdrawing his nominees to Kroger’s board, he said in a statement to shareholders of both the companies. The activist investor nominated two directors to the supermarket chain’s board in March, a month after taking on McDonald’s. Icahn has criticized the companies for their treatment of animals, saying confining pigs in crates during their pregnancy is inhumane. He pushed McDona…

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