Longview may sell up to 12.5% of its 27,096,788 General Dynamics common shares while continuing to review and potentially change its position. Longview beneficially owns approximately 10% of General Dynamics, and says any potential sales are driven by internal portfolio Diversification and allocation decisions rather than a matter involving the company.

Key Highlights

  • Longview’s approximately 10% ownership is calculated against 270,557,195 outstanding General Dynamics common shares.
  • Longview may adjust its exposure through common stock, other securities, private transactions, Derivatives or hedging arrangements.
  • The potential sales are tied to Longview’s internal portfolio allocation objectives and are unrelated to any matter involving General Dynamics.

General Dynamics Corp (NYSE: GD) could see Longview sell up to 12.5% of its 27,096,788 common shares, a potential transaction the Investment manager links to portfolio diversification.

Longview Reviews 27,096,788-Share Position

Longview’s stake is held through its management of client accounts. Its approximately 10% ownership is calculated under Rule 13d-3 against 270,557,195 outstanding General Dynamics common shares. Longview may increase or reduce its position through purchases or sales of common stock and other equity, debt, notes, securities, derivatives or related instruments. Those transactions may occur in open-market or private deals, and Longview may also increase or hedge its economic exposure without changing beneficial ownership. The investment manager said it will continue reviewing its position based on factors including General Dynamics’ financial position and strategic direction, market conditions, diversification needs and other investment opportunities.

Potential Sales Linked to Portfolio Allocation

Longview may sell up to 12.5% of the 27,096,788 shares it holds. The potential sales are described as part of Longview’s internal portfolio allocation and management objectives. Longview said the possible transactions are unrelated to any matter involving General Dynamics. It may also reconsider its position, change its purpose or develop plans concerning the investment.

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