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Wednesday A.M. Report

SurModics CEO Barclay leaving company; Is RadioShack for sale?; Grant to fund Center for International Business Education and Research at Carlson School; and State loans Miromatrix $250 million

SurModics CEO Barclay leaving company: Bruce Barclay, the president and CEO of medical technology company SurModics Inc., is resigning, the company said Tuesday. Eden Prairie-based SurModics which makes coatings for medical devices and pharmaceuticals, said Barclay “has accepted a new position in the health care industry.” His last day is June 8. Read full story 

Is RadioShack for sale? Is RadioShack for sale, or not? That’s the $3 billion dollar question, but no one has an answer just yet. Rumors of a RadioShack sale to another corporate entity surfaced earlier in the year and gained more traction this week with The New York Post citing sources that say private equity firm Blackstone Group and a few other parties are bidding to acquire Fort Worth-based RadioShack. Read full story 

Grant to fund Center for International Business Education and Research at Carlson School: The U.S. Department of Education has awarded the University of Minnesota a $1.5 million grant to establish a Center for International Business Education and Research at the Carlson School of Management. The center will serve businesses and educators in Minnesota, and is expected to also serve as a resource in Iowa, North Dakota and South Dakota. Read full story 

State loans Miromatrix $250 million:Biotech startup Miromatrix Medical Inc. has lined up a $250,000 loan from the state of Minnesota. The funding will be matched by private investors, according to the state’s Agriculture and Economic Development Board, which is providing the loan. Read full story