Company puts out statement after November reports.
U.S. hunting and fishing store chain Cabela’s CAB said it was exploring strategic alternatives.
The company has not set a time for completion of the process and said it could not assure that the move could result in a sale.
Cabela’s said it is working with Guggenheim Securities LLC as its financial adviser and Sidley Austin LLP and Koley Jessen PC as legal counsel to assist in the strategic review.
Cabela’s share price has been rising steadily since reports that it was mulling a sale in mid-November.