	conagra cag to uire monfort mmft conagra inc agreed to uire monfort of colorado inc in a stock transaction both companies said according to the letter of intent signed by the companies conagra will uire all of monfort s mln outstanding shares for mln of its own shares based on conagra s closing price of dlrs today the transaction is worth about mln dlrs the merger is expected to be completed in june they said the companies said the uisition will result in a restatement of conagra s earnings for the fiscal year ending may but the restatement is not expected to materially change the previously reported or upcoming fiscal year end earnings in fiscal conagra had net income of mln dlrs on sales of billion dlrs for its fiscal year ending august monfort reported mln dlrs in earnings on sales of billion dlrs the company is one of the largest lamb and beef producers in the u s producing transporting and selling the products domestically and internationally reuter 
