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BRIEF-Syngenta target Devgen reports Q3 rise in seed revenue
BRUSSELS |
BRUSSELS Nov 7 (Reuters) - Devgen NV, the subject of a 16 euro per share offer from Syngenta, says: * Q3 seed revenues rose 60 percent to 2.3 million euros * Q3 revenues fell to 2.8 million euros (from 4.6 million eruos in Q3 2011) * Q3 EBITDA -3.6 million euros * expects to end year with increasing revenue from sale of own seeds * cash position at year end expected to be largely sufficient to finance development of Devgen for several years
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