Maybank rumor to take over OSK

• Maybank wanted to grow its IB business regionally and OSK offers it the platform to do so. 
• Maybank IB business including brokerage, contributes less than 5% to the group's overall earnings. 
• Unlikely to happen. Redundant IB operation locally. OSK's staff may leave in the event of a hostile takeover. 
• 5/11/11 - Maybank Said to Plan About RM4.2bill Bid for Kim Eng(Sg). Access to regional countries such as Thailand, Singapore, Indonesia & Philippines.  

Maybank : Target price RM10.07