i'm talking parts for people, stricker, smith and nephew. in the "ft" no confirmation from me at this point. read you some of it. citing sources, process at an early stage, exact value that stricker is putting on smith and nephew could not be ascertained but any offer would likely be above the 3.85 billion pound value, a report from the ft. that's why. exactly. >> get the right price. smith and nephew, hips don't lie, this is smith and nephew goes up against biomed. this is about hips, artificial hips. when you saw that merger the zimmer to buy biomet -- >> had been taken private many years ago, sold to -- right? >> you need to do a defensive acquisition. stricker buys smith and nephew, it's inversion, this is killing me that i didn't see this coming. because it's obvious that smith and nephew is a way to be able to do this inversion. it's a win/win. i think it happens. >> and i want to make that point. this would be another inversion. >> yes. >> for -- so stricker would, therefore, benefit from a lower tax rate in the uk and pointed out man

so it little bit of stricker shot as well. >> all right, thank you, drew reading of bloomberg industryto not forget we have existing new sales tomorrow and home sales friday. coming up in the next hour of "bloomberg surveillance," barbara corcoran will be joining us as our guest host. this is "bloomberg surveillance." on bloomberg television, streaming on your tablet, your smartphone, and bloomberg.com. ♪ >> good morning, everyone. "bloomberg surveillance." our twitter question of the day -- who is the next ceo on the firing block? tweet us @bsurveillance. mario gabelli? >> what did you give an effective french accent? there is a lot of talk over penalty. bonnafe is say mr. not nearly as visual as mr. dougan. i am with scarlet fu and adam johnson. night,g night last senate majority leader mitch mcconnell turned back a tea party challenger in the gop primary. this was in kentucky, as you know. party-backed candidates also lost senate and house races in georgia, pennsylvania, and idaho. the obama administration ready to release a secret memo in the controversial use of drone attacks over