Icahn Drops Proxy Fight Over Pig Treatment at Kroger (1)

Carl Icahn ended a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. after losing a similar battle with McDonald’s Corp. last month.

The activist investor told shareholders of both companies on Monday that he was conceding the fight at Kroger, saying that he expects the same outcome there as at McDonald’s due to the grocer’s financial position.

The dispute revolves around the practice of keeping sows in individual pens so small that they can’t lie down or turn around. Icahn had sought to nominate board members to McDonald’s and Kroger as a way to force ...