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BRIEF-Conagra Foods says board of directors approves conditional $1.25 bln share repurchase plan

Oct 11 (Reuters) - Conagra Foods Inc :

* Says board of directors approves conditional $1.25 billion share repurchase plan

* Conagra Foods says share repurchase authorization is contingent on completion of spin-off of Lamb Weston business and has no expiration date

* Says Conagra Foods Inc. will be renamed Conagra Brands Inc. Upon completion of spin-off Source text for Eikon: Further company coverage:

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