Pershing Square Capital Management is planning to buy up stock of fast-food chain McDonald's in its latest bid to gain influence over the company.

McDonald's said in a regulatory filing with the Securities and Exchange Commission that Pershing intends to take a 1.8% stake in the company by purchasing approximately $794m (€623.5m) in outstanding McDonald's stock. Pershing holds a 4.9% stake in McDonald's options and swaps.

Jennifer McCandless

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Pershing Square bites into McDonald's

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