Divestiture Profits

ANN ARBOR, Mich.--The Michigan State University (MSU) decision to sell holdings in corporations doing business with South Africa resulted in a profit of almost $1 million, Ray Krolikowski, chairman of the trustee's investment committee, said recently.

MSU completed its sales in early January, 20 months after the board of trustees decided to divest.

The University divested slowly, selling particular stocks only when their prices were high, said trustee Blanche Martin. Martin termed this "prudent divestitute."

Dow Chemical, which provides MSU with grant and scholarship funds, threatened to withdraw its financial support but so far it has taken no action, Martin said.