May 28 (Reuters) - Vista Outdoor's ( VSTO ) said on

Tuesday Czechoslovak Group (CSG), a Prague-based defense

business, has raised its offer to buy the company's sporting

products business for $1.96 billion, up from the previous offer

of $1.91 billion.

The company said the CSG is increasing its cash

consideration payable to Vista shareholders by $3.10 per share

of Vista's common stock to $16.00, a 24% increase.