NORDIC DAYBOOK: Transocean Bids $1.45 Billion for Aker Drilling

Transocean Ltd. (RIG), the world’s largest offshore driller, has offered 26.5 krone a share in cash to buy Aker Drilling, valuing the Norwegian rig company at about 7.93 billion kroner ($1.45 billion), according to a statement today.


COMPANIES: * Hennes & Mauritz (HMB SS) July sales 8 a.m. * Clas Ohlson (CLASB SS) July Sales 8 a.m. * Waertsilae (WRT1V FH) roadshow in Copenhagen

EARNINGS: * Ekornes (EKO NO) 2Q * SpareBank 1 Ringerike Hadeland (RING) 2Q * Aker BioMarine (AKBM NO) 2Q * Maritime Industrial Services (MIS NO) 2Q * Rias (RIASB DC) 3Q * Sparekassen Faaborg (SPFA DC) 2Q. * Tivoli (TIV DC) 2Q. * Cencorp (CNC1V FH) 2Q

ECONOMY: * Sweden June Industry Production, Orders 9:30 a.m. * Norway July trade balance, 10 a.m. * Norges Bank’s Jan Qvigstad speaks to Norges Bank regional network in Aalesund, 1 p.m. * Denmark July wholesale prices, 9 a.m. * Finland July inflation rate, 8 a.m.

MARKETS: * The OMX Stockholm 30 Index rose 2.2% to 957.59 * Nasdaq OMX Helsinki 25 Index gained 3.3% to 1,964.97 * Oslo’s OBX Index rose 2.7% to 336.91 * The Copenhagen 20 Index rose 3.1% to 372.43 * Swedish krona -- U.S. 6.5111 - EU 9.2788 * Norwegian krone -- U.S. 5.5236 - EU 7.8699

GOVERNMENT: * Norway’s Trade Minister Trond Giske and Finance Minister Sigbjoern Johnsen meet business leaders to discuss the financial unrest at 11 a.m.

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