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SIDNEY, NE—Outdoor sporting goods retailer Cabela’s Inc. said Wednesday it would explore “a wide range of strategic alternatives.” The announcement follows earlier published reports that Guggenheim Securities had begun reaching out to a small group of potential private equity buyers on behalf of Cabela’s. In addition to its multi-channel retail business, Cabela’s also controls about $1 billion in real estate, owning the majority of its 77 stores in the US and Canada, and a credit-card business holding nearly $5 billion in loans.

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