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The cases relate to intestinal disease necrotizing enterocolitis (NEC) in premature babies as Abbott admits claims are still outstanding.
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Bernard Matthews said the move was driven by “continued significant financial losses”.
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The company had already flagged weaker trading in a voluntary pre-close update in June.
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The group's CEO John Celenza said a listing would "give us the currency and the visibility to keep building a category-leading platform.”
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Funds run by Alchemy Partners and CVC Capital Partners are “analysing potential strategic alternatives”, Deoleo says.
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The Belgium bakery group has agreed to sell a UK sales operation in addition to the previously proposal to offload a production plant.
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The watchdog said the transaction is “likely to lead to higher prices, fewer choices and less competition in the wholesale grocery supply”.
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The process will examine a full range of options to “best position the business for future success”, a company spokesperson told Just Food.
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