Hospira, which manufactures anesthesia and cancer treatments, has fallen 49 percent this year, the greatest drop of any healthcare company in the Standard & Poor’s 500 Index. The fall comes as Hospira fixes quality control problems at its plants following warnings from the FDA. The company is currently the cheapest generic drug manufacturer in the U.S. greater than $500 million.
The drastically reduced price may attract acquisition interest from competitors, including Fresenius SE or Teva Pharmaceutical Industries. Hospira may be worth as much as $60 a share in an acquisition, according to the report.
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