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Speculation Is Fierce That Lululemon Could Be Acquired for a Stunning 50% Premium

Time to stretch and buy some Lululemon?

An analyst told TheStreet that speculation on Wednesday, June 28, that the althleisure company Lululemon Athletica Inc. (LULU) would be taken private surfaced is a "real possibility."

On the rumor, the stock rose briefly, then slipped.

The stock was up 5.3% to $59.16 by Thursday's close. On Aug. 19, 2016, the stock had a high of $80.65.

"We see going private/buyout/general M&A rumors all the time in the market," wrote Joshua Rodriguez, CEO and founder of CNA Finance in an email to TheStreet on Wednesday. "Very few of them prove to be true. However, in this case, there's a real possibility. At the moment, word on the wire is that Lululemon is going to go private at $85 per share. While a going private move may happen, and for various...