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Investor reports purchase of 200,000 Argan shares
By Lisa Kerner
Charlotte, N.C., Oct. 29 - Argan, Inc. investor Richard L. Scott bought 200,000 shares of the company's stock in a private transaction on Oct. 8 and Oct. 14 priced at $12.50 per share for a total of $2.5 million.
Scott beneficially owns 1.95 million shares, or 14.5%, of the Rockville, Md.-based company, according to a schedule 13D/A filed with the Securities and Exchange Commission.
Argan, through its subsidiaries, provides engineering, procurement and construction services.
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