July 30 (Reuters) - Vista Outdoor ( VSTO ) said on

Tuesday it was reviewing alternatives for its performance gear

business, Revelyst, including a sale, and was engaging with MNC

Capital in relation to the investment firm's proposal to buy the

entire company.

It expects MNC to be able to confirm an increased proposal

for the acquisition of Vista Outdoor ( VSTO ) in short order.

Vista had rejected MNC's final buyout offer of $3.2 billion,

or $42 per share, for the entire company earlier this month,

saying the bid undervalued Revelyst.

Last week, Czechoslovak Group raised the base purchase price

for its ammunition business, Kinetic Group, by $50 million to

$2.15 billion.

MNC Capital and CSG did not immediately respond to Reuters'

request for comment.