June 10 (Reuters) - Vista Outdoor ( VSTO ) said on

Monday it had rejected a fresh takeover proposal by investment

firm MNC Capital, which raised its offer for the sports and

outdoor products maker to $39.50 per share, or over $3 billion

last week.

Vista Outdoor ( VSTO ) has already rejected a raised offer from MNC

Capital in May after engaging with the investment firm to

increase its bid from $37.50 per share.

(Reporting by Granth Vanaik in Bengaluru)