---

SPX Issues Statement on Defeat of Connecticut House Bill 5695

25 March 1998

SPX Issues Statement on Defeat of Connecticut House Bill 5695

    MUSKEGON, Mich., March 25 -- SPX Corporation
today issued the following statement regarding this afternoon's vote by the
Connecticut House of Representatives to defeat proposed House Bill 5695:
    "We're extremely pleased the Connecticut House has defeated this special-
interest legislation.  Now that Echlin Inc. shareholders have
spoken and exercised their right to call a special meeting, we hope the Echlin
Board will fulfill their fiduciary duty to consider SPX's full and fair offer.
As we have repeatedly stated, SPX would prefer a negotiated transaction with
Echlin.  In the event that Echlin's Board continues to refuse to negotiate, we
look forward to the special meeting of Echlin shareholders, which must be held
by June 25th, where Echlin shareholders can decide for themselves what course
their company will take.
    "At the special meeting, Echlin's existing Board would be removed if more
shareholders vote in favor of removal than vote against removal; new directors
would be elected by a simple majority of those voting.
    "The combination of SPX and Echlin will create a world-class company with
the scale and capabilities to excel in the rapidly consolidating $350 billion
vehicle service industry.  The combination will create substantial value for
all shareholders, at the same time providing superb products and services for
customers and new opportunities for the employees and communities of both
companies."
    SPX Corporation is a global provider of Vehicle Service Solutions to
franchised dealers and independent service locations, Service Support to
Vehicle Manufacturers, and Vehicle Components to the worldwide motor vehicle
industry.  SPX's Internet address is http://www.spx.com.

SOURCE  SPX Corporation