US meat processor ConAgra Foods said yesterday [Wednesday] that it expects to close the US$1.4bn sale of more than half of its meat operations in September. ConAgra agreed in May to sell a 54% stake in its fresh beef and pork business to a group of private equity investors. The group is spearheaded by Dallas-based Hicks, Muse, Tate & Furst, which has made a number of significant investments in the food sector in recent years.