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McDonald’s Rises on Speculation Ackman Is Building Stake

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McDonald’s Corp. rose the most in nine months after activist investor Bill Ackman said the world’s largest restaurant chain could be managed better, fueling speculation that he’ll buy a stake and push for changes.

Ackman, whose Pershing Square Capital Management hedge fund was the second-largest investor in Burger King Worldwide Inc., said today that McDonald’s could learn from its smaller rival. He declined to comment on whether he was taking a stake in McDonald’s.