(Adds Standard Industries, Vedanta, Raytheon; Updates Lego)
June 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Billionaire investor Daniel Loeb said that his hedge fund Third Point LLC will vote against the planned merger of United Technologies Corp and Raytheon Co, saying there is no “strategic rationale for this transaction”.
** Building materials maker Standard Industries and several private equity groups are vying for BASF’s construction chemicals business, which the German chemicals group has put on the block to focus on more profitable operations, people close to the matter said.
** A Zambian court lifted an order blocking a provisional liquidator at Vedanta’s Konkola Copper Mines business from disposing off assets or making arrangements with a creditor until a July 4 hearing.
** Lego’s founding family and private equity firm Blackstone are taking Britain’s Merlin Entertainments Plc private again in an agreed deal valuing the Madame Tussauds and Legoland owner at $7.5 billion.
** Bank of Ireland has sold its British credit card portfolio to digital finance company Jaja Finance for around 530 million pounds ($671.6 million), the company said.
** French Connection pushed the date by which the British clothing retailer could be sold by three months to Sept. 17, with talks still ongoing with a number of interested parties.
** French telecom giant Orange said it had sold its remaining 2.5% stake in BT, raising net proceeds of 486 million pounds ($616 million) as the former state monopoly faces a battle for market share in France.
** U.S. insurer MetLife Inc will sell its Hong Kong operations to FWD, the insurance firm owned by tycoon Richard Li, the companies said in a joint statement, without disclosing financial details.
** Australia’s Oil Search Ltd exercised its option to double its stake in several Alaskan assets for $450 million. (Compiled by Debroop Roy and Bharath Manjesh in Bengaluru)