July 8 (Reuters) - Vista Outdoor ( VSTO ) said on Monday

it was rejecting investment firm MNC Capital's revised offer to

acquire the company and had agreed to an increased bid for its

ammunitions unit from Czechoslovak Group (CSG).

The outdoor and sporting products maker said MNC's final

offer of $42.00 per share would not be more favorable to its

stockholders from a financial point of view than CSG's offer for

its unit Kinetic Group.

Vista maintained that MNC's offer undervalued its

performance gear business, named Revelyst.

The company said CSG increased the purchase price for the

proposed deal to buy Kinetic Group to $21.00 per share.