** Vietnam's State Capital Investment Corporation (SCIC) submitted two options for further stake sales in the country's biggest listed firm Vinamilk, the government said.

** Swiss bank Julius Baer has taken a minority stake in financial technology company Nectar Financial AG that will help it invest further in its growth strategy, Nectar said.

** Western Digital Corp said it matched rival bidders' offers to acquire Japanese conglomerate Toshiba Corp's flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.

** Bertelsmann has no plans to buy the remaining 25 percent of Penguin Random House from Pearson, its chief executive said after the German media group announced it was raising its stake in the publisher to 75 percent.

** Australian internet provider Vocus Group Ltd VOC.AX said on Tuesday a second private equity firm has made a A$2.2 billion ($1.7 billion) takeover approach, sending its shares higher on hopes for a bidding war.

** French drugmaker and healthcare group Sanofi is to buy privately-held U.S vaccines biotech company Protein Sciences for an initial amount of $650 million, as Sanofi steps up its acquisition programme after recently missing two large deals.

** Flavour and fragrance maker Givaudan said it was acquiring Vika B.V., headquartered in the Netherlands, to strengthen its portfolio of natural dairy solutions with products that include cheese ingredients.

** Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc's deal for the Texas utility with a bid worth $18.5 billion, including debt. (Compiled by Diptendu Lahiri in Bengaluru)