Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. McDonald’s (MCD) board issued a statement in response to a director notification nomination from Carl Icahn, which said in part, “McDonald’s can confirm that Carl Icahn has nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 Annual Meeting. There is no shareholder action required at this time. The Board will evaluate the nominees as it would any other candidates proposed to it… Mr. Icahn’s stated focus in making this nomination relates to a narrow issue regarding the Company’s pork commitment, which The Humane Society U.S. has already introduced through a shareholder proposal. This is an issue on which McDonald’s has been a leader…Mr. Icahn, who states that he holds 200 shares of McDonald’s stock, is the majority owner of Viskase, a company that produces and supplies packaging for the pork and poultry industry. Mr. Icahn’s ownership provides him with unique exposure to the industry-wide challenges and opportunities in migrating away from gestation crates. Thus, it’s noteworthy that Mr. Icahn has not publicly called on Viskase to adopt commitments similar to those of McDonald’s 2012 commitment. Despite McDonald’s progress, Mr. Icahn has instead asked for new commitments, including to require all of McDonald’s U.S. pork suppliers to move to ‘crate free’ pork, and set specific timeframes for doing so. While the Company looks forward to promoting further collaboration across the industry on this issue, the current pork supply in the U.S. would make this type of commitment impossible.” 2. The boards of Clipper Logistics (CLPLF) and GXO Logistics (GXO) announce that they have reached agreement on the key terms of a possible cash and share offer for Clipper by GXO. The board of Clipper has confirmed to GXO that, should a firm offer be made on the financial terms of the possible offer, it is minded to recommend it unanimously to Clipper shareholders. The possible offer is to acquire each Clipper ordinary share for a combination of cash and new GXO shares as follows: 690 pence in cash; and such number of new GXO shares as would imply a valuation of 230 pence based on the trailing GXO 3-month volume weighted average price and a trailing 3-month average USD/GBP exchange rate in each case calculated for the period ending on the last practicable date prior to any firm offer announcement. Accordingly, on the basis of the exchange ratio, the possible offer will imply a total valuation of 920 pence per Clipper ordinary share. 3. It may be time for some changes at Berkshire Hathaway as CEO Warren Buffett starts to look ahead to his 92nd birthday later this year, Andrew Bary wrote in this week’s edition of Barron’s. Over 57 years, Buffett built Berkshire Hathaway (BRK.A, BRK.B) into a company with a $700 billion market value and $27 billion of annual operating earnings. Yet the author’s view has been that he now needs to do more to prepare for the transition to a new generation of leadership at Berkshire. Stepping down as CEO while remaining chairman would allow his heir apparent, Greg Abel, to demonstrate that he can handle the tough job of running a giant conglomerate, Bary added. 4. Sony’s (SONY) “Uncharted” won the long Presidents Day weekend with a $51M debut, including $44.2M for the three days. The movie, a video game adaptation, stars Tom Holland and Mark Wahlberg. Overseas, “Uncharted” grossed an estimated $139M through Monday. The movie will only hit cinemas in China on March 14. 5. Ethan Allen (ETD), DuPoint (DD), and Nokia (NOK) saw positive mentions in this week’s edition of Barron’s.