	monier says britain s redland may bid for it diversified building materials group monier ltd mnra s said talks are taking place which may lead to britain s redland plc rdld l making an offer for the monier shares it does not already hold chairman bill locke said redland already holds about pct of monier s mln issued shares he said in a brief notice to the australian stock exchange locke said shareholders would be advised as soon as the discussions progressed and recommended that they keep their shares monier shares were trading at a high of dlrs today up from the previous peak of at yesterday s close and well above the low of dlrs monier is the largest concrete roof tile manufacturer in australia the u s and new zealand and the world s largest marketer of fly ash according to its annual report for ended june it recently reported first half net fell to mln dlrs from mln a year earlier due to the australian housing downturn although foreign earnings rose reuter 
