Nike (NKE +0.7%) could be interested in making a bid for Lululemon (LULU +3.3%), according to retail analyst Jennifer Black. V.F. Corp and Adidas were lined up as possible suitors earlier.
Lululemon's portfolio of products would make a nice add-on to Nike's inventory and allow it to leverage its marketing machine.
CNN's Paul La Monica is going a different direction. He says a chase by Under Armour (UA -1%) for LULU makes sense.
Any potential bidder for the yoga apparel seller is likely to have to worry that Uniqlo (FRCOY) could come in with a late over-the-top offer.